nothing more painful in the markets than holding onto a stock...

nothing more painful in the markets than holding onto a stock that is slowly drifting lower. i talk from experience, it truely is like chinese water torture.

technically MTE is in an undisputed downtrend and barring some big news out of left field it will continue to drift lower. that said, im expecting strong support around 37/38c as this was a previous triple top resistance point & subsequent support level.

normally i dont touch anything that is downtrending but i have always believed in the outstanding resources that this company hold. if i see stability around the 37/38 i will definately see that as an outstanding opportunity to accumulate a large parcel of stock.

imho (in my humble opinion.)