OTCPK:MEAOD - Post by User
Comment by
JRaffleson Apr 04, 2012 2:26pm
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Post# 19759133
BIG SELLER - but buyers in the wings
BIG SELLER - but buyers in the wings Could well send even MTO to 26 cents as the chart have implied.. Hold onto your hats folks……… I'm not ready to buy here but will wait for more foolishness.
That’s OK if your timing is good ….. but I know of a newsletter chartist who has run his slide rule over Metanor and may act soon…..
- A few weeks ago I renewed a subscription with Peter Degraaf, who is frequently reported on Kitco. He provides daily charts with details of the supporting indicators and other information which I do not produce for myself.
- At $100 per annum for daily info, I find it quite helpful. Also, he provides details of his buying and selling, but many of his investments are not in the mining sector.
- My sub would have been about GBP 62.50 on conversion and therefore I sent him GBP 60 spot and said the difference would be in kind ….. I suggested he could receive value if he checks Metanor out.
- I did not hear any more for about 2 weeks, then I received an email response yesterday.
- PD thanked me for the tip and said “….. I will put this on the front burner and look for a desirable entry point…..”
Therefore, if there are other such informed buyers checking Metanor out, it may be foolhardy to wait for the actual SP low.