MGA (Mega Uranium), HXD (Shorting Canada's TSX), WEAT (long wheat) and NIB (long cocoa)

Mega Uranium Ltd. trades under the ticker MGA in Canada and MGAFF in the U.S.

We’ll buy it and track it as MGA in Canada, placing an initial stop at $0.145 Canadian on an intra-day basis while planning to quickly raise that stop if the stock continues much higher.

It trades much more volume in Canada and offers a currency hedge against the falling U.S. dollar, which is why we've chosen to buy and track it via the Canadian listing in Canadian dollars. 

Here's the chart:

At the same time, we're still short the general Canadian market via HXD: 

Tuesday, March 14 2017  Shorting The TSX, Chart Study and HXD Update

Monday, May 01 2017  WEAT, HXD


Note how well WEAT has been working out for us, and we remain bullish on WEAT and NIB (per several previous posts).

Updated HXD chart:

HXD has massive upside potential, especially once it breaks above $7.00



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