OTCPK:MAUXF - Post by User
Post by
takingthemonon Sep 24, 2013 11:14am
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Post# 21763106
Firming up a bottom
Firming up a bottomIt is starting to look like we are firming up a bottom near these levels. I will be watching the TMX closely but the shares waiting to be sold are starting to clear up. I hear that many larger investors have sold off a larger part of positions they had with the company. Examples given to me were the same I posted earlier. If we stay above the $1.20 mark we could be a strong place for the share price.
If we see the spot price of oil close above $102.80 we might see a small bounce. This could create a trade window to once again lock in gains from this level.
Good luck
Regards