MRF

[Russ]

A good long term investment in my view. Look at the directors' buys in the last few weeks.When the resources pullback is over mrf should get going again.Look also at its 3 year chart.It recently broke out of it's ascending channel and has just come back to test support.Any other views?

[barry_1]

i made money on this share,but it is overbought have a look at the RSI and other indicators as well.

[barry_1]

yes Russ i'll buy in again when the time is right as u say.

[Plonky]

Good call. I bought a lot today during low prices

[muc]

It could still come down a little more, depending on the gold price close.If not then under 270 is a good buy.If gold goes down a little more,maybe $910 then 260 should be the target.

[#6]

maybe i am missing something..but mrf is into ferrochrome not gold?? What does the gold price have to do with MRF share movements?

[muc]

Gold leads the comodity prices and ferochome is amongst commodities, I have been tracking MRFs movements and they follow suit with the general swing of gold.

[muc]

Gold closed at $910. Watch MRF drop on Tuesday to 260.I could be wrong!

[Mr_Bean]

Mrf may be down and overbought, but watch how fast she gets back to recent levels and much higher. Anyone holding this share should not worry at all about these occassional drops, this one is trending upwards in the right sector. SSF at R2.65 would yield great results, should get back up to R3.00 pretty fast. There is too much interest in this one to remain stagnant.