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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: AuBug who wrote (35044)3/6/2007 10:05:17 AM
From: Mr. Aloha  Read Replies (1) of 78421
 
The trend is your friend and the trend in MMG is very clearly down. Short MMG, don't buy it.

Sure -- at .80 the trend was clearly down, so you should have shorted then, too. At $1.51 in October the trend was clearly down, so you should have shorted then, too.

I'll stick with accumulating on these successively higher lows caused by non-fundamental reasons rather than selling on them. I prefer to focus on the fundamentals and the long term, and IMO MMG will be many times the current price over the long term. Those who sell out on short-term volatility will be kicking themselves in the end.
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