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Gold/Mining/Energy : Madison Enterprise, MNP/VSE
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To: Bazman who wrote (51)5/21/1997 11:57:00 PM
From: Roberth   of 285
 
An illustration of why the MNP story is a good one from a TA point of view is it's predictability. Recently MNP gapped to open 4.00 higher in the high 7.00's. It was clearly a safe sell when you consider it should only have been 5.00 (a resistance level established weeks prior) for the given time interval. It took a few days but there it was at 5.00, now a buy point (downside very low at this price) with a potential of hitting at least 6.50 again soon. A few days later it hit 6.65. Once again the downside was high and upside low so you go with the odds and sell expecting that if it didn't fall back to 5.00 at least you wouldn't have sacrificed much profit.
Now it once again looks to be in buying range... the next few days will tell the story. I will be sure to post.
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