Counting with Doug: Financing a trip to Lake Tahoe solely with blackjack winnings?

Sold the claim to my mine — (MFN)

I sold my 1000 share position in Minefinders (MFN) this afternoon for $9.21 per share.

At the time of the sale RSI (2) was over 87; on quick-pop trades like this I take an RSI (2) of over 70 as a sell signal.

Speculators with a little bit longer focus might try to see if they can get MFN to hit the 50-day moving average, currently $9.55.

Recently, on every previous little upswing, MFN has crossed the 50:


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[…] ‘em all — (MFN) Minefinders (MFN) has now continued it’s pattern of crossing the 50 day moving average on each bounce, as I noted on May […]

Posted by Touch ‘em all — (MFN) « Cape Cod Doug's Stock Market Trading Strategies on 10 June 2010 @ 9am

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