MCR - 2/8/06

Do your own homework on this one, but to me it looks good.
Quite often when these juniors break the magical $1 mark they consolidate a bit, before going on with the job. This looks to be one of those cases. I've had it on watch for an entry - noticed the announcement this morning, figured that should be enough to kick it up out of its pennant - jumped on @ $1.095.... so far so good.
Worth a look IMO.

Disclaimer: The above mentioned information is my opinion only, and NOT to be taken as advice as i am NOT a licensed advisor. Caveat emptor.

Update - 7/8/06A clear break higher after an announcement today.
A beautiful retest of the broken pennant provided a perfect entry to those who didnt catch the initial break - or those that took a quick profit and wanted to get back on .
Hope some others caught this one.

Disclaimer: The above mentioned information is my opinion only, and NOT to be taken as advice as i am NOT a licensed advisor. Caveat emptor.