I am watching McEwen Mining (MUX). I would like to see price move to $1.50ish before I consider it again.
If it follows my pattern and continues on the way up, then I will look to buy dips around 1.16 to 97 cents, and aim for partially out around $2 to $4, while holding the rest to $7 with re-entries.
This is a 1 year to 2 year horizon in price appreciation that I expect for MUX if all goes well with the company and its earnings going forward.
If it follows my pattern and continues on the way up, then I will look to buy dips around 1.16 to 97 cents, and aim for partially out around $2 to $4, while holding the rest to $7 with re-entries.
This is a 1 year to 2 year horizon in price appreciation that I expect for MUX if all goes well with the company and its earnings going forward.
Comment:
MUX still is a good investment. According to my personal analysis, miners look attractive even more.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
