OTCPK:MAUXF - Post by User
Comment by
gibbonsjon Dec 16, 2014 8:43pm
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Post# 23238244
RE:Was today just a bounce or what.
RE:Was today just a bounce or what.it depends on whether or not you're buying what the talking heads were putting out today which was oil was up, found the bottom, rebound in the works. In reality oil was down and down substantially because MMT’s Brass grade crude is benchmarked against Brent which was down 1.20 (ish) all day and as of this post has broken below $60 at $59.86. Then there was US market performance today which signals troubles on the horizon, short term or otherwise who really knows. So what I’ve said here too many times to mention applies: don’t be afraid to take some profit when it comes. 12% is not a bad days take. If price continues north buy in and ride the wave at that level but always lock in some profit.