If you bought into this when we came out with the articles a couple of days ago, and you want to play it conservatively, you might want to take some money off the table here..
The rally looks distinctly long in the teeth (notice the RSI..)
We had a remarkable 50% profit in just a couple of days. We don’t exclude that more is to come, even before drilling results are out, but taking some money off after these kinds of winnings has never hurt anyone..
5 responses so far ↓
1 eFuture (EFUT) still a buy? — shareholdersunite.com // Apr 21, 2009 at 2:41 am
[...] We still think it’s a buy, and now is probably a very good time as well. Next Monday (April 27), they will publish results and in the past, shortly before and after has always seen an increase in price and volume. Even as a short-term trade, this could pay-off handsomely (although perhaps not quite the 50% we scored in a few days with Manas). [...]
2 Mike // May 4, 2009 at 9:15 pm
STP: Manas Pet, starting 4/15/9 bot 5,000 shares and doubled up on 4/20/9Thank you very much for the $1600. gain in a very short time.
IOC since March 2005.
3 admin // May 4, 2009 at 9:27 pm
Congrats, Mike. Do realize that if they don’t find anything, it could go down pretty fast as well.
4 Mike // May 17, 2009 at 11:59 pm
http://www.manaspetroleum.com/i/pdf/Manas%20introduction%20May%2006,%202009.pdf
slide presentation on MNAP
5 Mike // May 18, 2009 at 12:25 am
http://www.undiscoveredequities.com/newsletter_4_09.pdf
pinstripes posed this newsletter on MNAP message board. interesting.
http://www.undiscoveredequities.com/newsletter_4_09.pdf
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