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Joe Blow

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Metminco Limited (MNC) is a mineral exploration & development company, incorporated in Australia but operating in Chile and Peru, in South America.

http://www.metminco.com.au
 
MNC has been featured in a particular investment newsletter today.

As usually happens with recommendations by this newsletter, watch this thing go berserk this morning.

My initial research after reading the report shows that it is a really good stock, but it is definitely going to be overpriced now!
 

You are right up 38% so far but there was a bit of action in the previous two days I wish my scans had picked up
 
38% is pretty low for a stock recommended in this newsletter. I would say the subscribers are starting to realise they shouldn't go too hard too early.

The buying over the last couple of days would be the 'insiders' i reckon. It happens every time a stock is recommended.

Be interesting to see how much further it goes. The recommendation was to buy up to 50% above yesterday's closing price, so there may be more increase in the SP to come.
 
It is rather amusing watching the reactions.

My policy of in and out on announcement day seem to still be valid.

another funny thing is you see a small pull back in the other stocks in the newsletter as people pull funds and dive into the new one.. ETC CCC, VMS
 
I think people should really look at the market cap of this company. It has tripled over a few weeks to about $350m. There is no way that massive gains are on offer over the short term now. I would not want to be holding this now even if there are some more gains on offer. The pullback could be swift
 
Looks like MNC has got a rocket under it this morning. Lots of volume and broken the $0.405 resistance. Next stop - resistance at $0.57
 

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MNC admitted to the ASX 300 hence the interest and volume this morning.

(I do hold)
 
Breakout from inverted H&S. Target 60c = all time high. Won't close above 42 today, I don't think.
 
Large inverted H&S at breaking point.

Unfortunately going against the tide of the broader market. I guess it could still happen.

Worth a look.
 
Great article on MNC in the Australian today. Puts where they are up to into perspective and strongly states shares are undervalued.

Share price up today with good volume.

Long term hold for me at this stage.
 
Have you got the link for that Crom?

I'm happy with where it's sitting, and I'm looking to exit at 20.5 or 24, whichever comes first. :
 
Your first post - welcome. I thought it might have a been a free article.
 

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