Money to be made

[Theater_Cat]

Precisely a week ago MTN intraday high was R117.48. Today it touched R99.12. That is a huge return for the shorts.

[platsak]

Someone called that 118 level very nicely.

[john_1]

Cat man...thats not money to be made thats money that has been made...but you are falling into a very simple trap and that is you are retro fitting a trade to a known outcome...you never know what is going to happen when you place a trade.

[#4]

I am such an idiot,was short on MTN,from 116,followed it down till 107,closed my position,i taught that we would have a bounce,went long from 106,closed my position yesterday at 104,and went short again at 105..are we headed down to the low 90s?? Im disapointed that this baby is not falling like the others,the dow must sink tonyt...

[Rovert]

There seems to be strong support at R100 though....lets see if it closed above R100...then possibly up ?

[#6]

I told theater cat that this share always finds support at the 100 mark...whats a good share to go long at in times like this??hehe

[Theater_Cat]

Who says it has found support? It may just be warming up on the downside... volume is picking up nicely.

[Rovert]

More volume on the buy side right now...lets see how the close pans out

[#9]

Are we going to see a bounce tommorow?? or will the downward trend continue??

[Rovert]

who knows....i'm betting going up but i dont think you can go too wrong buying in now and more on the way down if it does break 100. Lets see tom....

[#11]

Would any1 know,what drives this share price???

[#12]

Looks like its going to test support at 99-98,if it breaks we could be going down to 92...any taughts??

[Theater_Cat]

Supply and demand...

[platsak]

Within half an hour of me cashing out my short the share decided to ignore the 100 support level. Anyone thinking of going long between 89-92 again.

[#15]

I think it could break resistance at 89,imagine that,its be back to 74:)..hahaha ok ok im hoping it does:)

[#16]

MTN oversold on my simple chart. Might bounce back before weekend if ALSH turns around.

[#17]

My call ;)

[Theater_Cat]

Going to close between R101 and R102 today - lets see if my crystal ball is correct...

[#19]

Depends on world markets, Goes below 89 level we will probably see a double bottom at 74 I don't see this going any lower then that. Therefore...anything under under 90 is a bargain.

[#20]

haha just now it plops to a 95 close :D