price action, page-9

Interesting that MGX has really been caught in the big sell down
This time

SP held up pretty well last time

Stocks I have traded really got caught last time

PAN IVA AMX SAR LNC GRY

IVA went down below 40 cents before heading up to over 80cents
Back down to 56 cents now

AMX hit 35 cents last time before reaching 73 cents now 35 cents again

SAR hit 34 cents before going up to 56 cents. 42 cents now

LNC hit 56 cents before heading up to 73 cents
Back at 57 cents

GRY hit 55 cents before heading up to over 90 cents

PAN is the one that never really recovered last time

This is now the time when money can be doubled really quick

I think MGX is great buying at 60 cents

Still keeping an eye on IVA will be buying if it dips to 40 cents again

We really have a crap market
It really makes it impossible to hang on to a stock you believe in
Trading the dips is the only way to play

I first bought MGX a year ago
I remember thinking what a bargain at $1.21
And I really loaded up

Sold a couple of months later at $1.40

Bought and sold heaps of times since making money most times

I think the company is an even better position than a year ago
Now half the price

Really is one I would like to hang onto this time


Imoo