myg options letter, page-9

If this was any other stock than MYG i would have an alternative view that perhaps the letter was a foreboding/alternative view on something JG knows that we don't i.e. obviously the extent of finance discussions and the project/rockstead and iron ore potential.

But given this thing never has pleasant surprises like that I'm tempted to cancel out the conspiracy theories.

Something that doesn't sit right is looking at technicals - 10, 50,150 and 200 Weighted Moving averages, we're in an uptrend generally since hitting the low, and 10 day averages have crossed 50,150 lines, we are yet to break 200 but all averages are converging on a narrower gap between them. I've been taking a 'technical' approach since reading a certain text that approached the stockmarket on a 'we don't know bette rthan the experts, so this is how we have a rough idea of gauging when the smart money is entering' and this appears to be one of the (downtrend, 'basing' generally flat, before uptrending).

Also, what I can't understand is back in may when we had the spike to 5, the graphs register a huge increase in positive on balance volume indicator, which has stayed relatively flat.

Now, I'm not overly familiar how the indicator gauges this but I assum eit has correctly profiled the fact that, despite the price falls, there's been a net buyers over sellers and hence why the large increase in on balance volume has remained. If so it indicates that prices are, through small, low value parcels artificially lower.

I can't help but wonder if this is 'finally' the one opportunity, if i buy options, to see something pleasant and a rocket/getting some money back, as the stars seem to be aligning to a somewhat more 'potential' situation.

Then again, we have been beaten and disappointed by this stock far too many times that emotionally I am quite biased with 'what ifs' for this company. If this same price, announcements/resources position was swapped with a management position of say NST i would be thinkign there's some great, speculative potential in this one.

Currently not sure what to do.

I'd have to BPAY today to get options in by friday. Am tossing up if the letter really is desperation to fill unfilled take-ups, and whether this really is just for JG pay packet or helping aggrieving option holders somewhat (*cough that hospitable?))

Daytr fair call with sidelining. I was out of NST and BAB too with the recent highs, gold has since weakened. But interestingly (coming back to my technicals vent above) MYG has maintained its price above 4c...