OTCPK:MAUXF - Post by User
Comment by
gibbonsjon Apr 17, 2015 12:20pm
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Post# 23640773
RE:If MW were to announce financing is complete this week...
RE:If MW were to announce financing is complete this week...Better to catch a dime than to be caught holding the bag. Got to manage risk and greed factor. Besides I doubt very much that crude is rebounding as the "experts" are selling you. SA sent a distrurbing message with yesterdays bump of 500k bpd. And yes US inventory fell this week but you have to dig into the numbers to see that the decline came in the form of decreased imports so that oil is still floating in the market adding to the global glut. If you were to play this puppy correctly you would have bought and sold twice in the past month or so. We're now coming into to the 3rd trade. Buy as close to .50 as you can and sell at .57. That's 14%. Not too shabby. Same game as it always has been, just played a different price range. The longs are waiting for the big pay day which may or may not happen, traders are taking it 10% to 14% at a time as it comes at them.