MOX 0.00% 0.2¢ monax mining limited

The Announcement was good and is now good value for buyers with...

  1. 988 Posts.
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    The Announcement was good and is now good value for buyers with vision if they can understand the day-trading process in today's market. It is musical chairs in a quick buck. I have a watch list like anyone else of what to me is value plus offers movement fairly soon. Add to this a low shareholding if you can. Today only one of my watch-list has shown some movement with an announcement and a neat pump and is still volatile. Money goes out of some waiting for announcement or whatever and someone misses out on a chair when the music stops. Pretty soon another will be in favour. From what I have seen of successful traders is their belief in a share when it is at bottom price and has a low market cap and they take a position and hold and don't get caught at the top when it takes its turn to elevate quickly. Manipulation can occur when there's a pull-back if holders are not strong and thinks everybody is making money on the activated share of the day. They're not, only a few are, others are caught out because they buy at the top of runs.
    Everyone has to decide what to do with their position. If it dropped foolishly I myself would definitely dollar average which I don't do often. Each trader must make their own decision.
    Should be more news soon.

    http://www.*.com.au/companies/news/...gold-at-northern-territory-project-68250.html
 
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