MGC Pharmaceuticals (MXC) formally Erin Resources

Discussion in 'Stocks & Derivatives' started by dagsgarrett, Jan 13, 2016.

  1. dagsgarrett

    dagsgarrett Member Silver Stacker

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    MGC Pharmaceuticals a Medical Cannabis focused company is to return to trading on the ASX today, it's been in a long term trading halt look forward to the roller coaster.

    (HELD)
     
  2. Silverstrat

    Silverstrat Member

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    Holding too, may be a good one for short term trading, expecting some wild swings.
     
  3. dagsgarrett

    dagsgarrett Member Silver Stacker

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    Still suspended hopefully tomorrow then?
     
  4. dagsgarrett

    dagsgarrett Member Silver Stacker

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    Apparently at least a week away from relisting
     
  5. dagsgarrett

    dagsgarrett Member Silver Stacker

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    Now relisted moving along nicely after new laws passed in federal parliament today, re medical marijuana
     
  6. smk762

    smk762 Active Member Silver Stacker

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    Heh, I was wondering what caused all my weed stocks to jump. 27% on MXC and 12% on MMJ Phytotech today.
     
  7. dagsgarrett

    dagsgarrett Member Silver Stacker

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    Buy side filling up nicely should hopefully get some more upward movement if company keeps news flowing :)

    [​IMG]
     
  8. dagsgarrett

    dagsgarrett Member Silver Stacker

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  9. dagsgarrett

    dagsgarrett Member Silver Stacker

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    So far I have had a 36% gain on this stock and it's only just starting to heat up get on board :) whilst other .Bong companies await license approvals for growing facilities ect this company is already making $$$ hopefully lots of them. At least the gains from this stock are covering my current loss on MMJ and some! DYOR.

    Link to website,
    http://www.mgcderma.com/
     
  10. dagsgarrett

    dagsgarrett Member Silver Stacker

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    Looks like it will be another good day for this stock buy sell ratio looking fantastic orders starting to stack up, hopefully not just a pump and dump.

    [​IMG]
     
  11. dagsgarrett

    dagsgarrett Member Silver Stacker

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    I hope Stackers are on board this stock the buy sell ratio is still massive, not giving advice although if someone is looking for an entry point just be careful as I learned the hard way with MMJ and bought on a massive spike.

    Keep an eye on the Buy/Sell ratios for an indication perhaps, one would think the stock still has more upward momentum currently based on these ratios?

    [​IMG]
     

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