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Re: AugustaFriends post# 379658

Friday, 01/20/2017 2:51:26 PM

Friday, January 20, 2017 2:51:26 PM

Post# of 644165
maybe so but therein lies the risk with a cash burning company vs a producer. a company that needs money to operate or get to operation has to get money from somewhere and when it comes to public companies we know all to common where it comes from dilution.

I even indicated warning about URRE literally moments before the share dump.
here

technicals work that's not debatable but in the end fundamentals will always overpower a retail market technical move. another case in point would be the board alert on the MNGA move. I called a push to test close to .60 and it hit .57 the next day and whipped right back down. to the break out point.

I know from what you said that MNGA has a possible large contract in the works but "if and until" that occurs what I see is a very stiff resistance being set at .60

its my opinion that it "may" attempt to try test .60 again but based on fundamental info I merely see a bear flag pattern confirmed by divergence of the A/D line and the upward flag pattern.. so basically I am projecting new lows to come barring a fundamental update with news you are anticipating of course.




My name aint Buffet, im just some dude..

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