Monday, 23 January 2012

Mt Gibson MGX: Trade Update 24 Jan 2012

Whilst I still see more upside in MGX, it has run up very quickly since an entry point of $1.18 on 10 Jan, and is up 21% in just two weeks. From a technical stand-point, it appears to be losing momentum, and as such I have exited at $1.43 with the view to buy in again at a lower level.

Entry price: $1.18
Exit price: $1.43
Gain: 21.2%

Remains on watch-list.

1 comment:

  1. Gold stocks are still very cheap considering how much gold has increased in value.