Mercator Minerals Ltd MLKKF

Target - 709

[galena]

I still stick to 4-500% move from .40 The technicals if you believe in them (low priced stocks) show a divergence with the (CCI10) and the price  but the other three technicals I follow don't confirm and I wait for three or four technicals to all agree with each other before I make a move but not for penny stocks (Futures S&P500) As an example today on S&P in the afternoon my technicals were signalling a short but the market price index kept moving up slowly so you have to watch the volume very closely in this case. The technicals can remain in overbought and oversold positions for a long time and the price can still keep going in the same direction. But keep in mind the fundamentals also. I think the price could take a little dip soon but I'm a believer something is in the cards with Nevada Copper & Mercator. We just don't have the volume now but if the heavy volume (8-10) million comes in the first 2-3 hours of early morning trading maybe just take a few cents off the table and buy back after it settles down. You always have to consider the bigger market picture. (American) But that said if the money wants to move a stock they will do so and you end up buying it at the high before you know about it. Maybe this one is an exception???  Best to you 709. I don't repiy personally. This should not be used as advice.  P.S Mercators share price has increased enough to cover the costs of the wedding trip to Mexico a few times over.