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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing

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To: AL R who wrote (416)6/11/1998 10:27:00 PM
From: Steven Ivanyi  Read Replies (1) of 633
 
I will look at Hurrican Hydrocarbons as a short candidate.

I'm not a shorter per se, but will short if the right opportunity arises. I like to make money too. Like situations such as failed breakouts from 52 week highs, tops of downtrend channels, rallies into resistance from overhead supply, etc.

In my opinion MAL has been in distribution since November with a nice wavy pattern that is biased toward the downside. Yes, if the stock breaks $11.00 chances are high that it will go significantly higher and I would be a buyer there.

best regards,
Steven
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