General Discussion and Valuations, page-69

With Iron Ore rising strongly again. No stock more leveraged to it than MGX. IO Rose another 5% last night and thats 10%rise since Friday Night.


MGX Was 54c at these current FMG levels.

So watch it "Rocket" as Shorts scramble with simply no stock available anymore to cover. The Capping is fake and the fake orders get hit they have to buy back on screen. The Shorts capping tricks works on way down, but not on way back up.

I say 70c by start of Feb Olympics which is 2 months away...the IO rise is in anticipation of China simply having to turn their steel mills back on to generate growth.

IO price starting to revert to the mean so MGX will go nuts as it heads back toward $150 ton...I say will "Rocket" to $165 and settle around there. MGX to rocket to 70-75c and settle around there also.

Another good night IO rally pushing $100 and so MGX could get back to 50c+ by Friday. Why ??? Leveraged stocks (to IO) rise the SAME way they fall. None more leveraged to IO than MGX.