Magellan Minerals Ltd MAGNF

new low

[roadhugger]

16 cents now and a new low.  WOULD SOMEBODY DO SOMETHING ALREADY!!

[fatcharlie]

Screaming buy right now.  I sold my position around 30 cents and have been on the sidelines.  My origin target buy was .20 cents or under but with the drop in gold prices I held until now.  Picked up a small lot at .16 cents which I consider a discounted price because of the nervousness of the market in junior golds.  Alot of panic selling in the junior golds presents a great

[roadhugger]

I hope you have magical powers at picking the low at .16 cents.....because to me as disapointing as it is it looks like the trend is still down.

[fatcharlie]

Thanks roadhugger, I didnt play a large position.  Any of the penny stuff is risky.  This is the second round for me in MNM so lets see where the dust settles.  We could go lower but at these prices I think there is more upside than downside going forward.  Just my opinion.

[StackinCheese]

I would love to back the truck up at 16-17 cents, but the past year or two leaves me no confidence at all that we have a bright future.  Please MNM prove me wrong.