MED 0.00% 0.6¢ merlin diamonds limited

Ann: Diamonds production, sales, development and exploration, page-42

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  1. 3,697 Posts.
    Looking forward to auction results.

    I guess you have to expect the oversell here given production is temporarily halted. May be a little hasty in calling for a pattern break now but definitely hanging about to see if I'm a complete nutcase or if MED can pull some nice ST drilling hits that show promise.. while waiting for the new equipment to be installed and the hunt for bigger rocks to begin.

    Crazy big seller today at .6 why wait until now to offload? This stock has been trending like crap forever! Why the wait?.. each to their own I guess. Perhaps patience wore too thin due to production halt.

    When a stock is not officially out of a down trend it really is a case of trying to pick the bottom. That usually doesn't end well at least in the short term.
    MED is my only hold like that but I can see a few things I like about the chart regardless.. that is if the market agrees with it in coming weeks.

    Have a nice weekend.
    Last edited by Boomorbust: 04/08/17
 
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