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Online Share Trading

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Tanking

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richardw
Super Contributor
Any obvious reasons why MTN is tanking today?
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12 REPLIES 12
saash
Super Contributor
seems to be a plague running rampent through all the telecoms today.
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saash
Super Contributor
Vox is doing the opposite - maybe they anounced a launch that will have an impact on market share.
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Jacques_1
Frequent Contributor
Looks like its at the bottom of its cycle, so should go back up, its still trading in the same range as what its done for a while now.
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jack12
Super Contributor
sitting on support, massive volumes!!
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solman
New Contributor
Small lawsuit pending may be causing some reputational damage.. fear of a drop from investors causing quick sell-out.. but looks like cheapest stock on the market, i'd go short on everything else.. try TOKSKR for shorting the Top40..
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solman
New Contributor
apologies TOPSKR
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Quakedog
Super Contributor
Time to buy is now, you wont see MTN this cheap again for moons!! Check yur graphs!
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sponono
Super Contributor
Please check ROM.
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manicks
Regular Contributor
Quakedog you hit the nail on the head, if you not in its time to get in...should have strong support at these levels
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doomsdayza
Super Contributor
trend looks down especially after today. would think the easier money is on the short side. 10500 then 10000 on the cards. omo.
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janne
Frequent Contributor
What is most telling is the anomaly between MTN volumes (OBV), in rising trend since august, while price trend down all that time. This normaly means one thing: big buyers hoarding on sly, would you not agree? I hope this trend does not continue untill the start of the World Cup! Vodacom is not following the same pattern, it just shuffles sideway since the start.
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Not applicable
Downgrade by UBS
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