LCL - Los Cerros

MNC has been featured in a particular investment newsletter today.

As usually happens with recommendations by this newsletter, watch this thing go berserk this morning.

My initial research after reading the report shows that it is a really good stock, but it is definitely going to be overpriced now!

 

You are right up 38% so far but there was a bit of action in the previous two days I wish my scans had picked up

 

38% is pretty low for a stock recommended in this newsletter. I would say the subscribers are starting to realise they shouldn't go too hard too early.

The buying over the last couple of days would be the 'insiders' i reckon. It happens every time a stock is recommended.

Be interesting to see how much further it goes. The recommendation was to buy up to 50% above yesterday's closing price, so there may be more increase in the SP to come.

 

It is rather amusing watching the reactions.

My policy of in and out on announcement day seem to still be valid.

another funny thing is you see a small pull back in the other stocks in the newsletter as people pull funds and dive into the new one.. ETC CCC, VMS

 

I think people should really look at the market cap of this company. It has tripled over a few weeks to about $350m. There is no way that massive gains are on offer over the short term now. I would not want to be holding this now even if there are some more gains on offer. The pullback could be swift

 

Looks like MNC has got a rocket under it this morning. Lots of volume and broken the $0.405 resistance. Next stop - resistance at $0.57

 

I see MNC is still creeping up !

 

MNC admitted to the ASX 300 hence the interest and volume this morning.

(I do hold)

 

An interesting article in the Brisbane Times today regarding the demand for copper and Metminco's position. I would hope to see an increase in volume for MNC as a result, but I guess a some of that hinges on gaining 100% ownership of its tenements, hopefully something they will sort out soon.


A copy of the article can be found at http://www.brisbanetimes.com.au/bus...s-up-for-the-copper-party-20110330-1cf7a.html

 

Breakout from inverted H&S. Target 60c = all time high. Won't close above 42 today, I don't think.

 

Should do ok for the rest of today and tomorrow. Heavy increase in volume.

 

Hey BOGGO.. Are you still holding?

I think long term is a winner

 

share fall then trading halt for announcement;
expect big loss....

 

Large inverted H&S at breaking point.

Unfortunately going against the tide of the broader market. I guess it could still happen.

Worth a look.

 

Great article on MNC in the Australian today. Puts where they are up to into perspective and strongly states shares are undervalued.

Share price up today with good volume.

Long term hold for me at this stage.

 

Have you got the link for that Crom?

I'm happy with where it's sitting, and I'm looking to exit at 20.5 or 24, whichever comes first. :

 

http://www.theaustralian.com.au/bus...e-copper-rebound/story-fnciil7d-1226330741244

 

Your first post - welcome. I thought it might have a been a free article.

 

Here is the Australian article from this morning..........

http://www.theaustralian.com.au/bus...e-copper-rebound/story-fnciil7d-1226330741244