GREY:MGMCF - Post by User
Comment by
Dringwinzeeon Feb 13, 2011 1:48pm
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Post# 18125465
RE: RE: MGX Spudded n expected to TD by Feb 28
RE: RE: MGX Spudded n expected to TD by Feb 28Shambano1: I concur with your assessment of going long on MGX. I too believe that this is a company that will produce good results over the long haul. Only difference is, I use my own Stock Strategy to find excellent prospects like MGX at as low as possible a price....then I sell have on a double with a trailing stop if things heat up and let the free shares ride, if I believe the stock has reached an unsustainable high, then keep chipping at its lows and selling into NRs for 10% gains.
It works for me. If MGX connects on this hole we will see a sharp rise in SP. If it is a dry hole, SP stagnates or sinks. I will protect my gains by watching carefully and recovering my investment as price moves up. I anticipate we will see a 30% rise within the next 16 days as NRs come out and media starts to cover the drill action.