MTN, who shorted?

[#1]

lets see who from us was caught short on this one, i was one.. had t cover this morning.. experienced the exact same thing last year.

[gamma_spike]

me

[gamma_spike]

me just shorted I mean

[platsak]

Ouch. Luckily I closed out my Short on Thursday. In retrospect looking at the price action I think the insiders in the market knew of this from mid last week.

[richardw]

Not me, but was getting close.

[Surf_Rat]

sitting in san francisco sms alert this morning tried to get in at 128 rands then it jumped to 138 rands now I see the big guys brought it back to 130 rands its a 160 rands share based on the deal I am going in

[gamma_spike]

you can buy at 128 now if you want to?

[jack12]

Nope, the chart has been looking funny

[#9]

I feel that the rise this morning was overdone, sellers have now taken over for a nice profit. I feel it can run again

[#10]

just stay out, thats my advice.. last yearit jumped at the exact same and ran to R160, but the deal failed and came flying back down.. i have a feeling this has alot to do to manipulate the price.. im sure there was some sort of insider trading on this one

[#11]

Last year MTN ran because of merger talks and merger talks and merger talks...

[SimonPB]

and a bull market ..

[#13]

it also fell in that same bull market simon

[Russ]

It has broken out of its rising channel.124.50 seems to be support.If it stays above that it should move up again.still seem to be a lot of profit-takers though...

[Russ]

130 is now resistance.

[SimonPB]

err ya .. but point is a different market psychology ..

[Mr_S]

What effect would the deal actually have on current shareholders, besides from the increase in the MTN Share price? And if say the deal goes through, and the price settles on R160, does this mean a huge support at R160, higher dividends, more cash on the balance sheets, and more acquisition power? i mean im thinking how big they can acutally get in growth terms, after this deal is concluded.

[Theater_Cat]

Nobdody owned up to being short MTN overnight? There must be someone in this forum.

[Big_Boy]

Yup I was caught!!! What are your views for todays price movement?

[jack12]

I was looking at shorting MTN but got caught up in AGL not going according to plan. FSR, DDT, ACL are running well. MTN has a lot of investor attraction at the mo, so I recon it will be difficult to call. Maybe 134 or thereabouts I have heard.