I want to touch on a stock I have not mentioned in a long time and for good reason. That being Contango Oil and Gas ticker MCF. I talked about getting long thru $40 but never acted on it. Big mistake on my part but such is trading. I am back at this due the beautiful looking bull flag flying on it !
We have this occurring on light volume which is wonderful. I am getting long 1 unit here at $93.90, in the middle of the flag (no man's land) with the intention to get even longer when the $95.20 level is taken out.
Do yourself a favor, do not look at a 1 yr or 2yr chart on MCF as it will scare you aware sure as shootin', which is exactly why it is headed higher in very short order. A truly beautful looking chart.
Good speculating to you all and always remember that "an investor is a speculator who made a mistake and will not admit it".
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