MRF

[TraderSteve]

This stock has retreated quite a bit and is looking like a great buy opportunity again. Anyone else thinking the same or are you busy buying as well?

[SimonPB]

looking at teh price action and chart, I'd suggest they too nusy selling.

[platsak]

I will wait before jumping in here. Looks like theres is still substantial downside to this one. Also see Barrys post re TA on this one. I suspect we will see levels of R1.90 again.

[#4]

i got in at 233 today, good price in my eyes!

[Cherry]

Simon. Can you say that again please.

[TraderSteve]

Thanks for imput. Will be watching this very closely.

[Trader_x]

no repeats... just as the "Cherry" is only popped once...lol..

[deanmg]

were the results not good enough to boost the share a bit? just a teeny bit? i really thought a good entry point was around 290.... im hurting ever so slightly! getting beaten with gold stocks too!

[SimonPB]

results are history, market cares about the future.

[Mr_S]

eish!!! if it gets to 190 :-( ill stop out n take my losses, got in at 250!! after checking out the results

[platsak]

R1.90 and even lower seems more likely. Falling on decent volume. In my opinion its going to be a juicy buy at those levels. Well problably see R4-00 within a year again. Anyone else looking at getting in at that levels.

[#12]

Yesterday it went to 227! I dont think it will go anylower! But if it does im gona hurt!

[sk_1]

I see Nic Best is punting MRF as a buy, take profit at 280

[barry_1]

perhaps his customers have a great deal to unload ?

[platsak]

Nic best been punting this one from the R3.00 levels. His punts were stopped out at R2.50 after he lowered the stop loss a few times. Be carefull of Mr. Best's or anyone elses punts in this volatile market. Especialy if it involves geared instruments. This one is going down to next support level(s) from where it will make a spectacular comeback albeit in a month or six. Im seeing this as a opportunity. I think we are almost there.

[barry_1]

yes,u are right,i remember about two months ago Finweek saying that this share would reach R5 when it was in the region of R4....i only got out last week and can of course kick m'self for not dumping sooner!....i'm going to post on clippings soon about the underlying resource prices going forward....perhaps there is not the upside there was earlier this year,we shall have to wait and see.