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Chris, nice note!,,,, based on my TA, Montello bullish rally should have lasted for more than a day and broke the previous high, obviously, everybody was scrambling to take profits. You did do the right thing, as I suggested that taking a profit was not a bad idea, I think it was post 2452. I also took a profit.. I was positioning myself for an announcement on the second pipe and bought it back at .40. Obviously they have had delays and I support JP that a second pipe will be found. Timing is an issue and I did not want to hold to Montello during quiet times. I resold Montello between .39-.41 and will buy back in when I hear something. Personally, technically, I think it will break .51 and should test the next resistent level before coming back down and creating a new support level. It could be as early as today, and when it does, you can be assured I'll be in.... regards Frank |
