I hope that nobody was fooled by the MGLD stock price action today either on the buy or sell side with uninspiring volume. Though either move on one's part could ultimately prove to be correct depending on where MGLD goes from here, it is always best to make SELL moves on higher volume days as has happened in the past.
On heavy MGLD volume days like that, price usually follows volume in lockstep. In other words, you'll probably never see in the near future a day where 15,000,000 shares of MGLD trade with a high/low spread of only 10% of its value by day's end.
That kind of stuff you'll usually see on higher-priced, higher-volume biggies whose daily volume always averages in the millions anyway.
The take-away? Those big price spike days will come with MGLD. Are you prepared and alert enough to be gradually accumulating your shares in your accounts now?
Will you also be at the ready to sell into strength on a news-driven, profit-taking day when MGLD may double in price OR MORE on those 15,000,000 shares being traded perhaps in the first hour?
Will you have also learned the second part of the MGLD lesson as you watch other interested market forces and participants drive the price back down again significantly by the close of the day?.....and perhaps even further on subsequent days after the news effect has faded from memory?
In short, don't miss opportunities to own shares cheaply, and don't miss opportunities to DIS-own them! And finally, don't be in too big a hurry to re-acquire them after you've taken your profits. Let MGLD seek its own sustained level before committing funds again.
