SheldonThinks Forum

Date: Sep 28, 2008

MCR

Date: Sep 28, 2008

Yes and no, I think you will get a better entry.
I see upside to $1.50 though, but would I put my money there right now? Nope
Try PRC - they start hard coking coal production soon.

Bennychan · Member

now at 87c likely to go down more. apocalypse coming..
http://scienceblogs.com/pontiff/2008/10/signs_of_the_apocalypse_google.php

littlewalrus · Veteran Member

Yep, MCR broke support at $1.00, then again at 93c. At 87c I can see them going much lower on Monday. I will be looking for a support because they are a high grade nickel producer. The low prices will discourage higher cost mine projects. They have $127mil in cash, so great entry when they bottom. I think the Dow is going to 7500pts, so look for that.