Mart Resources Inc MAUXF

Opportunity? MMT is in play...

[E17]

Does anyone remember the shake-out just before the maiden divi announcement from $1.05 down to $0.90...no news then either, but it sure seemed like someone knew something, and they were selling hard.  Turns out that the news that followed was positive, and propelled the sp to new levels.  I bet a lot of people got shook out just before the rise to $1.50 and above.  Feels similar here, except investors have lost patience with WC & MMT (myself included), and their credibility has really suffered.  I feel more inclined to trade around my core position now than I did then, maybe even play both sides of the spread a bit, in the current situation I'm happy to take a few small trading profits to mitigate the daily pain.  If the rest of the market does likewise, then expect elevated volumes and volatility (a perfect environment for this sort of penny-flipping game), until we form a base and get some bullish conviction in the sp action, or one day maybe even some clarification from the company.

I've made and lost money on this one like many others here, but my love affair with the stock has been over for some time now, enabling me to treat it as it should be treated (as an instrument for making money), and not as a favourite child in my portfolio.

I expect that I will be both buying and selling MMT today in almost equal measures...hopefully for profit!

Good luck all,

E17