Technical Insider

MIC = 6.9 ( -1.4% ) MIC formed a cross with higher high and higher low with significant volume as it failed to close the previous gap down that is acting as a level of resistance. 32MA acting as resistance and 130MA acting as support. Resistance: 7.6-7.8 (previous gap down) Support: 6.8 Good luck to all MIC traders!

MIC = 8.4 ( 12% ) MIC formed a white candle and a gap up with significant volume. Looks like it might test recent high of 9.2 Good luck to all MIC traders :) looks like oops effect will be felt tomorrow for MIC! :)

DCL #6050: Change in corporate name This is in reference to Circular for Brokers Nos. 6022-2007 dated September 28, 2007, in connection with the approval by the Securities and Exchange Commission of Multitech Investments Corporation's ("MIC") change in corporate name and primary purpose. In view thereof, the change in corporate name of Multitech Investments Corporation to Minerales Industrias Corporation will be reflected on the Exchange's computer system effective October 8, 2007. MIC = 6.1 ( -4.7% ) After momentarily touching the target price of 6.8 MIC formed what seems to be a bearish engulfing pattern. Support will likely be at the 130MA (5.5-5.6) Resistance will come from 65MA and 6.8 (the recent high of the rally), if MIC fails to close above the resistance tomorrow, it could confirm the reversal of the trend towards consolidation or down trend. Good luck to all MIC traders! Disclosure: Still holding MIC

Disclosure: sold some geo at 2.34 (high of 2.36) at close sold some ni at 20 (high of 20.25) at close sold some mic 6.2 (high of 6.6; TP of 6.8) at runoff would have wanted to hold on to my positions but had to take some profit and lighten my positions because I won't be able to monitor the market as closely as today... Good luck to all traders :) happy weekend! take care and god bless :)

Multitech Investments Corp. Date : 09/20/2007 Listed firm to conduct 1:1 stock rights offering Publicly listed Multitech Investments Corp. said yesterday (19 Septmeber 2007) that it would offer 8M new common shares to its shareholders to raise funds for its plan to acquire mining tenements. In a disclosure to the PSE, corporate information officer Ana Maria A. Katigbak said the company would allow shareholders to buy one share for every share they already hold. The subscription price, she added, would be at the par value of P1 per share. MIC = 5.7 (0.0%) There is a lot of interest in MIC this trading day. This is not only because it is the stock pick of most of the respected technicians kind (and brave) enough to share with us their valuable analysis and expertise. As a technical analysis enthusiasts, we can see that there is a 2-day pole made when MIC broke out of its resistance at 5.2 with big volume. After which MIC tested the support at 5.2 (which was the previous resistance)...