MOL 0.00% 6.9¢ moly mines limited

Hi Dbm, I'm not so sure if positive announcements actually help...

  1. 22,593 Posts.
    Hi Dbm,

    I'm not so sure if positive announcements actually help a SP, they are often just a golden opportunity for the stronger players to manipulate the SP to their own advantage by taking ST profits thus causing ST weakness at best. We just have to look back to some of the recent ones for MOL also have a look at what is happening to GXY after it has positive announcements, they just had another one today or even write a post on the GXY site about what they think of positive announcements.

    Of course I hope that I am wrong and MOL does have a northern vertical look to it's chart but putting away ones chart would imo be suicidal for ones trading account, but when MOL does show strength I will buy like I have before but as you know that is not my opinion at the moment or should I say it is not a low risk entry at the moment, but at less the volume as requested has started to show.
 
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