Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (35007)	3/6/2007 8:43:55 AM
From: AuBug	Read Replies (2) of 78421

MMG may bounce off the 50% retracement but it won't bottom out there. The PP holders saw their imaginary paper profits evaporate and are still dreaming of getting out. Much more likely to bottom at $1.72 (61.8%) or even $1.06 (76.4%). But then, Fibonacci Numbers as stock market tools are just hocus pocus anyway. The trend is your friend and the trend in MMG is very clearly down. Short MMG, don't buy it. The only hope MMG has is a takeover that completely flushes out the incompetent management that gave the worst PP terms ever heard. turtletrader.com investopedia.com

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