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MAG- Trading Plan
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| The stock is up 100% over the last year, but I think it is going much higher. I am going to approach this company as a spec play, which means I am not going to have as large a position in it as the other SOLID companies I trade/own. The charts look beautiful. MACD convergence, bouncing hard off the 200 and the 50 day SMA . I think it pulled back because of its large run and its ready to move again. The 200 is laying at $4.80. I am going to try to buy as close to $5 as possible. |
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