Ann: MGX agrees A$86 million property damage insurance settlement-MGX.AX, page-84

If you sell at 260 as apposed to 245-250, you don't think that's smarter? If people are trading/investing with a few thousand dollars I guess it does not matter, or does considering brokerage costs.

I personally like to follow the money.... well, we all like to get in before the money comes or before the money goes!! We know MGX are considered a junior and right now it's unfortunate that analysts/brokers are suggesting time is up and they will get squeezed out by bigger miners thanks to depletion and production cuts... this is plastered all over the net recently and MGX just so happens to be one of those being talked down. Lets not discuss how overbought they appear as this can vary if your trading ST.

I hope for everyones sake that there is a change in momentum or some news. Otherwise looking at the stock from a traders point of view, it's overbought, at the peak of a ST uptrend (this last one a bit different to history yes), volume has completely died off, demand has weakened and this is 100% inline with the descending triangle on the hourly. If the SP breaks down through 245 this could see a 20 pip return to 225 or lower.

You don't want it breaking through 225 on the down either or you enter into the recent gap back to 200.

It's all a game and things are tough atm but I do sincerely hope the fundamentals stack up very soon and the 265 barrier can open for 290 and beyond. I'm out regardless and if i did enter again it would be at 270 with a minimum of 3.5 million traded during the hour.