Mogul Energy Inc (MGUY)

[chemist72]

Profit taking NOT surprising. After 3+ months in the 2's it's not surprising to see some profit taking in the mid-3's to mid-4's.

From this point forward (higher), profit taking will always be part of the daily trading pattern. Will only slow down once MGUY begins to move sideways and consolidate its gains. This is when short-term traders get separated from those with a longer-term perspective. Will take time, but that is usually the case with companies making slow, but real progress. Happens all the time with NYSE and NASDAQ type companies.