MCR - Mincor Resources

[porkpie324]

thanks ekman for the detail, i have reduce my physical holding late last week, but bought using CFDs mon tue &wed looking to close today, porkpie
PS, IGO had a great run yesterday & up today, more porkpie

 

[Seneca60BC]

Hi

I bought MCR on friday for 1.52. Ceteris Paribus, viz Nickel Price, I think this company is valued at 2.10-2.20.

Regards

 

[ekman]

thanks ekman for the detail, i have reduce my physical holding late last week, but bought using CFDs mon tue &wed looking to close today, porkpie
PS, IGO had a great run yesterday & up today, more porkpie

Porkpie, are you still in MCR. do you think it still has legs

 

[porkpie324]

Porkpie, are you still in MCR. do you think it still has legs

I sold about 60% of MCR also closed all my CFD positions, looks as if I closed to quick but I still made good money> as for the future I think MCR has a long future and will be buying back in on any weakness. Just for the record I closed out MRE, SMY, AGM, IGO, CBH & western areas, all are good prospects and will do the same as MCR. PORKPIE

 

[Seneca60BC]

FOr the record - I'm still in - but im getting ready for a very bumby ride

 

[porkpie324]

looks like some profit taking has come in today, yes there could be bumps coming in. porkpie

 

[porkpie324]

forgot to mention MCR gave the dreaded 'gravestone doji' on 17th.porkpie

 

[alankew]

What exactly is a gravestone doji?

 

[porkpie324]

The 'gravestone doji' or the 'inverted hammer' are in candlestick functions extremely bearish signals. Now I'm not a great techy but i'm sure all the followers of candlestick trading would have taken note.porkpie

 

[Seneca60BC]

porkie

Is that a sell signal - what you mentioned?

 

[porkpie324]

Thats what I said, in candlestick functions the 'gravestone doji or the inverted hammer' are extemely bearish and quite often signals a change in direction. As I said I'm not a great techy but after such a strong sp rise it could be worth watching. I have reduced my MCR holding which I did before the 'doji' formed.porkpie

 

[Seneca60BC]

porkpie

Do you still have 40% vested in MCR?

 

[michael_selway]

Thats what I said, in candlestick functions the 'gravestone doji or the inverted hammer' are extemely bearish and quite often signals a change in direction. As I said I'm not a great techy but after such a strong sp rise it could be worth watching. I have reduced my MCR holding which I did before the 'doji' formed.porkpie

yep once LME "ins' or on warrants start increasing again, Nickel Price will fall

thx

MS

 

[porkpie324]

Do you still have 40% vested in MCR?
Yes close to that, regarding the candlestick 'doji' I mentioned, MCR appears to have broken through the highest point so looks like the sp is still heading up. But i'm watching them carefully at the mo, i'm just trading CFDs with MCR at this period, only leaving them open for a few hours to a max of 2 daysporkpie

 

[porkpie324]

Looks like some hefty profit taking going on with heavy vol this morning, still after such a big increase in sp about .50c in a couple of weeks it had to happen, MCR could be forming support about $1.80, I bought a few this morning some at 1.80 and 1.825. porkpie

 

[Seneca60BC]

Hi Porkpie

I think this is due to the heavy sell down on Nickel last night.

with respect,
Shelton.

 

[porkpie324]

Shelton, I thought that but JBM MRE IGO have risen today, ??? porkpie

 

[Seneca60BC]

yes your correct - just learnt that - mmm madness of the market or your possible right - support at 1.80

 

[porkpie324]

Could'nt resist it bought a few more late yesterday using CFDs, and yes I'm leaving them open over the weekend. porkpie

 

[djones]

MCR are rocketing down, down another 6 points this morning after 20mins of trading!