Dropping to much

[doomsdayza]

head and shoulders forming on the intraday. long way down to the neckline.

[KVW]

On the brink......dame the neckline is a long way down.....would it bounce tomorrow morning?

[#3]

Sorry, been out for the day. John, MRF was not a financial services company when I last checked, but sure anything can happen I suppose Simon, fair comment - I assume you refer to the resource prices..

[SimonPB]

zoon, not really. Thing is we look at past price history and assume that the share can do that again. Check out the DDT chart.

[#5]

Simon, i agree that at the 400c levels it was overpriced. I also agree that most charts point towards MRF going negative, but I still think at 168 it well priced.

[#6]

I see what you mean on previous high prices, but what happened to DDT's earnings post Y2K, or rather post 2001?

[SimonPB]

wasn't so much the earnings, more the over hyped price. Check UUU.

[#8]

Agreed Simon

[platsak]

On the all important 190 level again. Matt are you still out there.

[#10]

Im still here! Just listening to what everyone is saying!

[platsak]

Did you go long drd after exiting mrf?

[#12]

Yes, down abit on DRD And Bought some MRF at 170c this morning

[platsak]

Think this one is going to go bouncy for a while. In the longer run theres problably a sustained run in the offing.

[#14]

If it goes lower than 190c again do you think its a buy level?

[platsak]

Im thinking to nibble at the share at lower levels and on confirmation of a new trend. With this massive run today it should fall back a bit. Theres a lot of people that went long at 190's and a lot which shorted under 190. Today the Short are covering and a lot of the longs will problably get out of Dodge. Should be a while before we see direction.