From Homepage:
Minera Andes is a producer of gold and silver and an explorer of gold, silver and copper in Argentina. Minera Andes trades on the TSX under the symbol MAI and OTC in the US under the symbol MNEAF. Rob McEwen is the company's CEO and largest shareholder (owns 30% of the company).
This stock has made a tremendous move over the past 8 days. Today was the most bullish day of all - Gold fell $50 from peak quickly, and MAI held its own. The stock is over bought, so a pull back is not out of the question but I suspect we might have a little more upside before a decent correct to consolidate about previous resistance 2.40 - 2.60.
Looking to sell 1/2 position if 2.88 gets touched.
Friday's 10% pop was due to the following news item : Update on Proposed Merger of US Gold and Minera Andes
Minera Andes is situated in Argentina and is exploring / mining the following properties.
No comments:
Post a Comment