Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Mercator Minerals Ltd MLKKF

Mercator Minerals, Ltd. is a mineral resource company engaged in the mining, exploration, development and operation of its mineral properties in Arizona, United States and Sonora, Mexico. The Company’s principal assets are the 100% owned Mineral Park Mine, a producing copper-moly mine located near Kingman, Arizona and the El Pilar Project located in Sonora Mexico. The primary focus of the Company is the expansion of copper production and molybdenum concentrate production at the Mineral Park Mine, and the development of the El Pilar Project. Its other projects include The El Creston molybdenum property, which is 175 kilometers south of the United States Border and 145 kilometers northeast of the city of Hermosillo; Molybrook, which is located on the south coast of Newfoundland, and Ajax, which is located 13 kilometers north of Alice Arm, British Columbia.


GREY:MLKKF - Post by User

Bullboard Posts
Comment by georearlon Apr 05, 2010 1:42pm
400 Views
Post# 16957192

RE: RE: RE: Technicals

RE: RE: RE: TechnicalsAnything I could say would be a guess. What I can see is that $2.20-$2.25 if a support level. My first guess would be that it will hang around this level for a while. I also think, given that and the recent volume spikes, plus trading outside of the bollinger band, that there is some short term moeny to be made. I guess it will pop up a little. The support is based on the price touching this level and bouncing up back in early Sep, Nov and Feb.

If the TA shows a turn at this point, I'll certainly post.

If it breaks thru this level and closes there over the coming week(s), the next stop is $2.00 based on a support there where it touched in Dec. If it breaks down through there, it could go someway further.


To add to my last thought on technicals (the crowd) following the fundamentals, stop orders help dirve this. People only have so much tolerance for loss, hence as it drops, more and mroe sells come into play. Until the sellers are exhausted and it starts to consolidate.
Bullboard Posts