The pressure on the MGX shareprice the last week has finally...

The pressure on the MGX shareprice the last week has finally pushed it down through its rising support.

This stock will definitely go on the watchlist because there appeared to be every reason why the companny would at least want the options converted and it appeared to have the capacity to do so.

To me it suggests there is credability to a rumour that there is a bidder for this company that does not want the options converted.

Remember though that rumours are like smoke.....so this is in no way a recommendation to do anything other than watch very very closely.

Cheers,