Merafe???

[#1]

Anybody think that there is further downward pressure on the share price seems to have bounced on recent market rally and shrugged off all bad news even lower Ferro prices? Should i wait to enter at lower levels and if so 50-60c or lower?

[Mr_S]

Everyone seems to have gone quite on this stock, i read the financials, long term i personally think its a great stock, ill be buying for dividends as well. Jus wish i had a couple of thousand lying around

[platsak]

IMO wait to see how the chrysler and possibly the GM liquidations pan out. Theres definately goping to be some pressure still. They expect sales to pick up by the 3rd quarter. Thing is they are getting something like 60C per pound in this market. I would not throw the bank at this one just yet especially when playing in geared instruments. I think this topic is so quiet because the futures in this one wiped a lot of accounts. Barry useually has some quality info on this one.

[barry_1]

Yes thanks....my advice is to stay clear at this time...OMO!

[Mr_S]

i guess the chysler and GM situation goes for all platinum stocks too hey?

[barry_1]

definitely....how ever chrome,is more dependent on stainless steel production...when construction in general starts to take rise again and the world enters the first stages of a genuine bull market,then and only then can it be considered a buy....i also see there is excitement around Exxaro and Mittal on this forum.i cannot for the life of me think why!

[sm]

The right time to get into a good quality share is when nobody else is interested