Ouch MRF

[#1]

Mrf down 10% this morning! Whats goin on, is this a steal at this price? Or is there more down side?

[platsak]

Got me bunch at 121. Will try to average down.Who knows anymore Matt. Next stops 110 and then 77.

[#3]

this is amazing - i am watching the resources stocks on the LSE and they have turned strongly into the green , don't know if that is going to last but BHP +3.4% and Anglo is +1.5% . The LSE mining index is UP 3% !. This is good.

[barry_1]

Platsak ,why don't u trade HAR and GFI call warrants,u would make everything u lost back in a jiffy this morning? Why bother with MRF,remember i said there is a fall off in the demand for their products....They will come back in time....might take a couple of years...who knows?

[barry_1]

Read my last couple of entries in archives ,u will see that the weakening rand will help us avoid the worst fall out.

[platsak]

Thanks Barry.Will check it out.

[Mr_S]

up - do you think that will reverse our current down trend in resources today?

[#8]

ya , this dam Bloomberg TV is always talking down the recourses counters and punting banking stocks. I think Bloomberg presents a skewed picture of economics in general.

[#9]

I also want to average down! But dont know if its a wise choice, these times are scary! What do guys think, should i average down, or just wait longer!

[#10]

That's hard to tell now Mr S. I would say the best indication of when to buy in is to keep an eye out for a clear reversal in the trend of that particular stocks price movement, and also more important to keep an eye on the sector that the stock belongs to. After things settle in the United States there may be some positive upward movement in our recourses.