MNS 0.00% 4.2¢ magnis energy technologies ltd

Don't panic. This is expected and technical charts show this as...

  1. 169 Posts.
    Don't panic. This is expected and technical charts show this as a very good time to buy. The 2006 example is spot on. Remember it had a similar run up and then fell down over a few days and then ran back up over $2 and that was before it had great samples (anticipated) in the next 2 months.

    If you sell now, you'll really wish you didn't in hindsight. It's simple profit taking. Besides 62cents is a support line, holding it in place. I expect the next 2 days to be much more bullish and push it back up, as the bargain hunters move in soon.

    The fundamentals have not changed, only profit taking has. You have to see the cycle of the market to understand that this is only natural. If I had the cash, I'd buy lots more. It's a real trading opportunity, once it breaks back through the high 60s again and beyond. Uranium is getting harder to find and China, India and Russia want lots of it. At these prices, UNX is a bargain stock.
 
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