OTCPK:MAUXF - Post by User
Post by
takingthemonon Nov 22, 2013 10:52am
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Post# 21931364
selling into the rally
selling into the rallyAs I posted yesterday the stock looked like it would re test the $1.45 area. We are very close and I have sold another 1/4 of my position here. This brings down my holdings to a 1/2 of position. I think this stock should be at $2.00 but there are many head winds right now. The spot price for oil is weak. Losses by the operator are still very high. If oil spot drops back to the $89.00 area where I think it will shortly then these shares could give back some of the gains. I plan on holding the other half watching closely incase of weakness.
Its been a very good trade for all of you following along.
Regards