Monday, April 09, 2007

Mega Uranium

I daytraded Mega Uranium, and left a lot of profits on the table, but that's ok with me.

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I sold MGA near the ATH's because it had showed signs of stalling. My laptop started slowing down after I had sold, and by the time I rebooted, and had everything up and running, MGA had run past 7.60.
What makes today's price action interesting is the buy volume that suddenly showed up right after lunch. It's as if all the mutual fund managers went for lunch, then came back and all decided to press the panic buy button at the same time.
Mega Uranium (TSX: MGA) has the potential to run-up much like how FSY and LAM did in recent weeks. I will be looking out for this tomorrow. As always, Volume is the key.


Anonymous said...

Mega was up today because a newsletter writer advised his clients to buy it. It has nothing to do with mutual fund managers buying after lunch. Mutual fund managers are clueless; they have no idea what's going on in the uranium market. You can read more about Mega on the Mega Board on the Buy
High Sell Higher Forum

Phileo said...

Hi Anonymous,

Thanks for the info, I will check out the forum you've linked.... And thanks for visiting !