Monday, October 06, 2008

Mincor Resources (MCR.ASX) at $1.00

Mincor finally reached $1.00. In fact I was able to pick up some at 97c. Generally stocks will approach a support, and might not even touch or pull up short of target. Two weeks ago Mincor reached $1.03 before rallying to $1.35. Recent weakness brought them back to $0.93 this morning, but they look like closing today well up from their low, and likely above $1.00. I am expecting a stronger Dow overnight. In fact a strong week.
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Andrew Sheldon www.sheldonthinks.com

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