Friday, March 19, 2010

Chart of the day is...

....Magma Energy (MXY.to), six month price chart.

Geothermal power isn't a sector this humble scribe follows very closely, but there has been an eye cast across this stock on a couple of occasions, mainly because its mining mogul Ross Beaty's new baby. So when a reader mailed earlier this week and wondered if I'd noticed the continuing weakness in the stock, I looked at the chart.
My considered conclusion is: Yes, it has been trading like a dog, hasn't it?