- Joined
- 22 July 2006
- Posts
- 852
- Reactions
- 1
Porkpie
Not sure that there were an abundant amount of sellers here - close was right at the top today on nice volume. In fact, IMO I see a lot of buyers here. MCR has recovered nicely from the dip in early Jan and is tantalizingly close to breaking that important 2.30 barrier. Will it happen tomorrow - we will just have to wait and see but I think this one is setting itself up for it's next move. Nickel is the one metal I believe that still has more in it and MCR is a good way to get exposure to it. Plus, have a look at Nickel's price per pound chart - broken out nicely of late. + Factor in the positive exchange rate movement in Aus - US for the Company. Not much to complain about here! Best of luck to all holders!
Cheers
Not sure that there were an abundant amount of sellers here - close was right at the top today on nice volume. In fact, IMO I see a lot of buyers here. MCR has recovered nicely from the dip in early Jan and is tantalizingly close to breaking that important 2.30 barrier. Will it happen tomorrow - we will just have to wait and see but I think this one is setting itself up for it's next move. Nickel is the one metal I believe that still has more in it and MCR is a good way to get exposure to it. Plus, have a look at Nickel's price per pound chart - broken out nicely of late. + Factor in the positive exchange rate movement in Aus - US for the Company. Not much to complain about here! Best of luck to all holders!
Cheers