| Author |
Message |
     sabre
Member
Username: sabre
Post Number: 1297
Registered: 09-2003Rating: N/A
Votes: 0
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| | Monday, May 07, 2007 - 12:56 pm: |  
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Looks like its broken out on nice volume, another FMG in the making?
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peterloh
Member
Username: peterloh
Post Number: 2652
Registered: 03-2003Rating: N/A
Votes: 0
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| | Wednesday, May 09, 2007 - 05:07 pm: |
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sabre,
I have been monitoring MGX since the time you have alerted us of the break out.Since then MGX has produced the likely rising 3,in the daily chart which is 3 candles in retracement.The body of the 3 candles itself is interesting as they all have long tails which can be interpreted as sellers dominating at open and buyers dominating the close.
In the weekly chart, MGX established a dominant candle last week and it look like the bullishness of MGX is here to stay as the closed of subsequent candle is above the mid point of the dominant candle.The SP is also above the 30weeks MA which is an indication that MGX is likely to be in up trend.Notice several substantial shareholders are increasing their holding in MGX.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2653
Registered: 03-2003Rating: N/A
Votes: 0
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| | Wednesday, May 09, 2007 - 05:08 pm: |
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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eblode
Member
Username: eblode
Post Number: 391
Registered: 11-2002Rating: N/A
Votes: 0
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| | Wednesday, May 09, 2007 - 05:41 pm: |
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Peterloh,
Bought a swag of MGX last week at .95.Let's hope it goes the way of AGM. CUO is another one I've bought into.
Eugenio
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peterloh
Member
Username: peterloh
Post Number: 2697
Registered: 03-2003Rating: N/A
Votes: 0
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| | Thursday, June 14, 2007 - 02:43 pm: |
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Eugenio,
MGX has broken out again yesterday on a sea of red.It has retraced to test the support line today.MGX's chart look similar to OXR prior to the commencement of production.The weekly chart is also looking good.Buying more at this level.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2698
Registered: 03-2003Rating: N/A
Votes: 0
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| | Friday, June 15, 2007 - 11:01 am: |
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Look like MGX has retested the support level and is on its way again.I hold for longer term and also short term trade MGX.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2699
Registered: 03-2003Rating: N/A
Votes: 0
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| | Tuesday, June 19, 2007 - 11:29 am: |
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Looks like MGX is on its way.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2711
Registered: 03-2003Rating: N/A
Votes: 0
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| | Thursday, June 21, 2007 - 03:46 pm: |
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MGX reaches lower channel and bounce back, look like it is finishing with a doji.This may be the development of the rising 3, the least it will go is sideway and likely to bounce back tomorrow.I hold and picking a few up.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2733
Registered: 03-2003Rating: N/A
Votes: 0
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| | Friday, June 29, 2007 - 10:32 am: |
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MGX - The rising 3, as in candlestick charting.The share is in an upward trend, has 3 down days and the 4th day, the share recovers strongly.It looks like MGX is certainly in this mode.
MGX is also trading in a channel and being near the bottom of a channel, it tends to rebound as the share is in a up trend.
Fundamentally, MGX is in production and is shipping their iron ore off the port. As all their production is already contracted out, it is a matter of getting the ore out of the ground and have them shipped ASAP.
MGX will be admitted to the ASX SP 200 after the 2nd of July, it is only a matter of time that indexed funds will have to include MGX in their indexed fund.Bottom picking and small cap fund managers will have another look at MGX, now that it is in production and the shares are trending up.
Declaration - I hold MGX.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2734
Registered: 03-2003Rating: N/A
Votes: 0
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| | Friday, June 29, 2007 - 02:01 pm: |
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MGX is moving nicely today.
On the 27th June MGX closed with a dominant black candle.On a closer examination of the day's transaction there was a transaction of 10.233610 million at $1.36 during the day. The share closed at $1.28 on that day with 13.35 million, so I would pay not pay any attention to the volume or the significance of that particular candle as the retracement was on a relative low volume compared to days of white candles or up days.It looks like a dominant candle today, if the current volume and trend continues on from now towards the end of the day.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2755
Registered: 03-2003Rating: N/A
Votes: 0
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| | Tuesday, July 10, 2007 - 12:01 pm: |
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Do not underestimate indexation, Fund Managers will move Mountains.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2774
Registered: 03-2003Rating: N/A
Votes: 0
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| | Monday, July 30, 2007 - 03:57 pm: |
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Eblode,
MGX bouncing off lower channel and heading towards the top of the channel from here. Having sold off some recently, buying more to replenish my stock.DYOR. TMG showing accumulation.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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eblode
Member
Username: eblode
Post Number: 492
Registered: 11-2002 |
