Time to BUY Minefinders? (MFN)
Talk about a swing trade, but I am halfway considering BUYING into MFN, which I just covered as a short (one day too soon, I know, I know).
The play would be a real quickie, to see if it will bounce on a test of the $8.50 flash-crash low.
Note the RSI (2) at 1.60; this move has paid off consistently, except in late March. The stop would have to be a little below $8.50, and the bounce would have to happen fast.
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