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Online Share Trading

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gmoney
Contributor
i am begining to think that there is a bigger problem with this company.there is no stopping its downward movement.it reminds me of snu and then they came out with all there problems.i know they have stopped a number of there furnaces but for a share to come down from 4.3 to below 70 cents and still falling is beyond me. does anyone know anything
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12 REPLIES 12
Not applicable
Two main causes: 1] the price of their product is falling sharply 2] and Kwagga recommended everybody stick to bluechips!
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Russ
Super Contributor
67 is an old support level.
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gmoney
Contributor
looks like i may get them back @.22cents if they keep on crashing the way they are
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Mr_S
Super Contributor
22 cents seems pretty drastic dont u think?
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gmoney
Contributor
i still think there may be a problem with the company.[just a gut feel]and anything is possible in this market. next maabe airlines but what aabout credit card debt[thats a scary one]
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Mr_S
Super Contributor
ill have a look at things again later today cos fundamentally its changed, i was thinking of stocking up around 50c in anticipation of the dividend that might come out sum time in march
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gmoney
Contributor
i will also do some research but i have lost a fortune in this share and am thinking of going to blue chips like agl
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Mr_S
Super Contributor
i got in around 120, how abt u?
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gmoney
Contributor
i still believe that something i wrong with this share.just watch how many sellers there are.they just dont stop comming.its as if someone knows something.
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john_1
Super Contributor
LOL.. yes everything around the planet is selling because MRF broke support
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Electrox
Super Contributor
Good old Allan gray dumped these baby's near their peaks.
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barry_1
Super Contributor
Good one John....Gmoney if u read the previous posts about MRF u will see that their product is not in demand and that ALL chrome producers have stockpiles of the stuff they cant sell!
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