Magellan Energy, Ltd. (MGLG)

[heelsgo1]

Actually you and I agree... where we differ is that I think it will take actual production numbers to get a big run, and you are of the thinking it will take any ole PR to make a run up to recent highs. With regard to buying, I just think there are plenty of .0005s to be had to be buying into a MM head fake (and they do it often here) and buying at 6s and 7s. The MMs know everyone is waiting for that run, so they like the head fakes. Now everyone who bought in at 7s could have had some of the hundreds of millions of 5s that are now going thru. We have already been told in dozens of emails that we are getting nothing more than an update as to why MGLG still hasn't given us numbers... so why buy at 7s when 5s will be plentiful?

I hold a position here and I have never shorted a stock in my life just so you know. I mean if people want to buy higher than need be, then so be it... it's their money. Anyway have a good weekend and we're almost on the same page lol.