OTCPK:MAUXF - Post by User
Comment by
DeadMau5on Jun 25, 2012 3:41pm
312 Views
Post# 20052531
RE: Brent
RE: Brent IMO, the price and the volume is all due to a nervous market. No one has any idea how much the price of oil is going to be by year end and I think a lot of people are starting to prefer the sidelines. Also, some are seeing other opportunities and moving positions... again IMO it all has to do with nervous trading. I'm actually pretty happy we are seeing resistance at 1.00 and not falling off like POE, AOI, etc. I personally took this opportunity to buy some AOI today but must admit I'm not sure if it was too soon. It's tough to be a confident trader and stocks like MMT give me a calming feeling w/ a long position. Markets are going to move but MMT has got such great things ahead of them that I have no problem knowing I'm holding for at least 18 months.
DM