welcome all newbies to MGT price thread. I hate to be sceptical...

welcome all newbies to MGT price thread. I hate to be sceptical but I couldn't help but notice the simple fact that today we have essentially skipped the 5 and 6c lines. on every successful push we have experienced a severe sell off soon after a bullish run and today was our most bullish to date.

today we cracked new 5 year highs and we're the most traded stock on the ASX... this puts us on the radar of nearly every day trader out there as well as larger companies. I'm not sure if any of you have been following 88E? they are a prime example of what happens when volume isn't built at each new high. we currently run the risk of a massive tree shake that IMO could land us back in the high 4s. best case scenario we consolidate in the 6's and prepare for another push tommorow.

it's very important to be real here on the MGT thread. we have very real reasons to be bullish but also to understand the high likelyhood of a steep decline.

hold tight. IRON HANDS.
all this being said Im up 98k today.. to say I'm stoked is an understatement.
hold tight and get ready for the ride.