Post by
Tangier2 on Mar 04, 2024 7:56pm
Prospect of War?
Does the prospect for war in Europe make anyone nervous with MCF? I get the feeling Europe is "whistling past the graveyard" when they consider this possiblity.
Comment by
Tangier2 on Mar 04, 2024 7:59pm
Maybe most are just day trading this one.
Comment by
Spos01 on Mar 05, 2024 1:36am
Day trading?? I get that, but does this mean that people are not expecting the company to be successful with their plans in 2024 or 25? Just curious as I bought in today. Leadership appears to be strong and experienced and their plans seem legit.
Comment by
Tangier2 on Mar 05, 2024 10:05am
If it goes back to its pre-breakout price of .20 on 2/27 (also Fib support) then I'd say the pop was from traders and not long-term investors. Then again, some may have taken a core position, and have some just for trading.
Comment by
Spos01 on Mar 05, 2024 1:45pm
Well I initiated my position at .30 but if it drops to .20 I will likely double up. Hopefully the well in Austria has good results that can be reported on in April. If not I guess we wait to get updates on German permits or Czechia well production. Regardless, there appears to be room for optimism in 24.
Comment by
Tangier2 on Mar 05, 2024 10:16am
Europe should be first in its own cause and stop depending on the US for the lion's share of their defense. They cozied up to Putin and ended up putting themselves in a bind when he used it as leverage against them. Lenin once said, "A Capitalist will sell us the rope with which we will hang them." Europe's delusion that Russia can be trusted was the rope.