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etfsandstuff
Nov 26, 2019 3:52 PM

MUX Long

McEwen Mining Inc.NYSE

Description

Penny stock bottom fishing play. This fine company is under pressure due to their public share offerring. This is a good chance to pick this one up on sale.

Comment

MUX is still a buy here because of the cheap valuation at major support level. Fundamentally there are much better companies out there though. I would take profit at the 1.35 level and then watch to see if it takes it out.
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