GREY:MAAFF - Post by User
Comment by
stocktaon Jun 17, 2009 1:51am
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Post# 16076532
RE: Share Price
RE: Share Priceall markets were down today and there are shares to drive through here from .42 before we go higher. Smart money plays the game and buys more while the deck is being reshuffled. Also, remember that the Chinese aren't going to pick up the mine and fly it to china so don't worry about Chinese government risk, they have to play be rules of ROC and they have always been good to MAA and can't afford to P off western invesment. If this deal goes through, I would expect Chinese investors to be in this for a triple at least so I think $2 is easily in the cards and likely $3+, imo.
On another note, look at bullish price signal this stock just put in as it broke out of resistance
https://stockcharts.com/charts/gallery.html?maa.v
I have got all I need of this stock and I am in up to my eyeballs for an average of about .45. I expect to start selling some later this year around 1.35.