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Online Share Trading

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Merafe setting sails to the north

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Frequent Contributor
Looks like merafe is starting to go up again. i wonder whose actually buying this stock - oversee invester or local?
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5 REPLIES 5
Super Contributor
Edge. There was a posting avbout this yesterday. Bank of america gave this one a a buy signal. Think its local buyers snapping up a few in the hope that a fat cat fund will invest. Low voumes.
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Not applicable
volumes yesterday not bad actually, today is a bit light, so it is going to need some kind of stimulus to push higher. Fundamentally I don't like this stock, but it seems to be a trading favourite!
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Frequent Contributor
Hi platsak. I m stuck with this one at the moment. was -15k on this one last week. So i have to be patient. Today im -8k. It looks like its going up.I wish i had bought at R1.22 ! Watch me going downnn in flames.
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Super Contributor
Edge. Be patient with this one. Will be one of the secondary stocks that will be snapped up after everyone had their fill of of the blue chip shares. Production are at 100 percent and the price is climbing. Theres all kind of rumours that a tax will be instated on the export of raw ore. IMO if you do not need the money just leave it.
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Frequent Contributor
Thanks i know you right. i ve been sitting on this one for over a month. I would rather have bought a Kumba or Biliton instead of watching this one at low tide for a month.
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