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MGX - Mount Gibson Iron

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Re: MGX

Tell me when are you buying shares in MGX.....??? Because as long as you sit on the sideline you really are just wasting time. Why bother...post on something you are involved in...time is money
 
Re: MGX

chicken said:
Tell me when are you buying shares in MGX.....??? Because as long as you sit on the sideline you really are just wasting time. Why bother...post on something you are involved in...time is money
Click to expand...

If i had researched the stock as well as i have now and knew a bit more about it...i would have got in the other day when it hit below 60cents...i have been a bit slow with the miners as i have had an extremly busy year last year....as well as trading stocks i am familiar with...its just that i am on holidays until 1 March...so i have had time to the the research and catch up on the mining scene and start to apply some valuations to the ones i have just started to get to know...you have to remember some of these stocks that are going off at the moment have been around for a long time and have done it before over previous yrs some of them even became dot coms such as pilbara and you know about davnet dont you??

So i will take my time as the market is always there and i have two open positions at the moment...and i dont want to go into to much detail about what i am up to as then every one knows what i am doing and then it will no longer be a secret...remember chicken i have the same qualifications as most of these analysts that work at brokerage houses and investment banks..if not more..thats why i can come along to the mining sector and begin to trade it straight away....its like i was driving a fast commodore just have to get used to this ferrari.

I have done two trades on mining stocks in the last 4 mths and both have been positive so i will apply the same strategy on mgx and i have a few others on the watchlist now and will keep my eye on those as the more i have the probabilities there will be of a buying opportunity for me one any one of those.

Notice mgx has been losing momentum lately...even on the good days in this year and it still has been dropping by a cent each day over the last few days whilst the market has been good for miners....i reckon i will get it cheaper than todays price soon...
 
Re: MGX

Price: 0.66
Change: -0.01
Open: 0.67
High: 0.67
Low: 0.66
Volume: 1,527,674
Percent Change: -1.49%
Yield: n/a
P/E Ratio: 8.87
52 Week Range: 0.265 to 0.97
 
Re: MGX

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=au:nab&time=&freq=

Notice large but not huge abnormal volume whilst the price drops....BEARISH..also note the money flow indicator.....not good...a bit like bluescope when it hits the ground and lands in sh*t...but there is also a medium term candle pattern and i aint gonna say much...but a chartist knows what it means and so do i.....TIMING...TIMING...TIMING...

Who else is leaving through the back door???
 
Re: MGX


Before you get smart change the symbol to mgx and i guess you can see what stocks i watch as well?? And set it to 6 months for time.
 
Re: MGX

I've just removed a couple of posts from this thread because they have gotten a little too personal.

I just want to remind everyone to please stay on topic. It is fine to disagree with someone, that is the nature of discourse, but abuse or personal attacks are not acceptable at ASF. If you feel someone is baiting you, do not take the bait. If, in your opinion, someone has stepped over the line then please contact either myself or one of your friendlly ASF moderators (RichKid, WayneL) immediately and action will be taken.

Thanks.

 
Re: MGX

TheAnalyst said:
Does anyone think that mgx will go below 66 cents and if so can you also give reasons?
Click to expand...

YES.By giving you a reason are you going to initiate a BUY for yourself analyst or are you going to ride on others coat-tails and hold out for where I think it will go?
 
Re: MGX

johnno261 said:
YES.By giving you a reason are you going to initiate a BUY for yourself analyst or are you going to ride on others coat-tails and hold out for where I think it will go?
Click to expand...

Ok Johnno where do u think it will go and why?? getting personal are we?? Even to reasonable questions??
 
Re: MGX

Gee guys this thread sure has provided lots of entertainment. Forums are great ways of expressing your opinion but gee Analyst you sure take it to heart if someone questions you. Lighten up and remember there is no such thing as a free lunch so perhaps Johno doesnt want to tell you everything. Anyway keep up the FRIENDLY banter guys, its very entertaining.
 
Re: MGX


Well said MUMBANK!! ha ha ha. Being an ex serviceman, I can tell you, A War cannot be won by telling everybody your strategy!!!!
 
Re: MGX

first you tell me to lighten up..then you open your gob as well...what is it with u ? you open your mouths and then say nothing..no reasons and just get personal?

i know why? cos usually when a guy like me comes on who has studied and is smarter the only thing you can do is critiziz...now Johnno and u have both just done the opposite to what the moderator told u in his earlier post...no personal attacks...i guarantee u if u's continue i reckon there will be some suspensions coming up.

So why dont you answer my 66 cent question....and how do any of you know if i dont hold mgx and maybe i am in the accumualting phase??


Moderator I know you are reading the posts..particularly on this thread ..but can you once and for all put a stop to there bullsh*t personal attacks??

Also i know that other paid analysts and brokers have been reading my posts and know what i am going on about with this stock...can know i know something just by the language that i use...certian others dont have a clue...but i respect and highly regard there opinion...why??..because usually older people like Chicken who have been in the market for a long time mantally know how to handle the market and usually get it right as the can research...a proven fact...i know a 70 year old guy who has been involved in the stock market for 30 years and he has never done a course but has common sense and experience and he has made more from the market than he has from working in his chosen profession.
 
Re: MGX

TheAnalyst said:
See i told you Laurie and Chicken you were gonna get yourselves into trouble...even the moderator is on my side because i have been responsable and stuck to the thread and have done the right thing and offered a balanced view on mgx...
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FMD a bit of fun is removed!! my comment wasn't personal I had a wink smilie after the comment the point was if you are this fussy......sorry this is my last post here if this is moderation then there are other places people don't take jokes too seriously

cheers and bye laurie
 
Re: MGX

TheAnalyst said:
Moderator I know you are reading the posts..particularly on this thread ..but can you once and for all put a stop to there bullsh*t personal attacks??
Click to expand...

I do not consider Mumbank's post a personal attack. He was merely commenting on all the drama in this thread.

It looks like things are getting quite heated so perhaps the best course of action is for everyone involved to give this thread a bit of a wide berth for a day or two, let this all die down and then come back and start discussing MGX in a calm and rational manner!

Laurie: Please check your private messages.
 
Re: MGX

To All

I have accepted Joe's reason for my post being deleted so I am back but not on this thread

cheers laurie
 
Re: MGX

So far Analyst you have not contributed anything to MGX just a lot of hot air when you come up with proper news I shall answer you in the meantime I am not interested in dribble...
 
Re: MGX

chicken said:
So far Analyst you have not contributed anything to MGX just a lot of hot air when you come up with proper news I shall answer you in the meantime I am not interested in dribble...
Click to expand...

I hold mgx so i can say what i think...and havent you taken note of what Joe said to you?? Or just get of the forum completely until you know how to conduct yourself in an orderly marketable fashion...

This is an mgx thread not a CHICKEN opinion thread...and i know deep inside you ..you wish you were like me at my age....but i got on the ball faster and retired before you ever could dream of..chickadee

And i reckon i will get more mgx at cheaper prices...but the upside is better than the downside
 
Re: MGX


I think the moderator needs to step up and take a little control here. The Analyst is clearly not too "Switched ON" and is now getting personal with Chicken again, which is what he was percieving others were doing to him.
Guys we are all here to give positive inputs!!!!!!!!
 
Re: MGX


Well give em then...i have..i even now own mgx just like u's...but i aint finished my buying yet
 
Re: MGX

Well back to the matter at hand....

MGX looks like going up sharply first thing Monday morning. If you have a look at the depth, very few people are willing to sell only 600,000 units available between $0.65 and $0.70. While 2,000,000 wanting to buy between 0.60 and 0.65. We will see what happens, but basic D&S is in effect here.

It's RSI was approaching 20... and I know alot of stockbroker reports that charge exhubarant prices based primarly on RSIs.

For those that bought MGX yesterday looking for a quickie, should get a nice smile on Monday.
 
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