is it to late to get in ?

[#1]

I have 60k to invest and a friend said that mrf is my best bet, but this was when it was trading at R1,80. would it be to late to climb in or is there still a lot value in this share?

[#2]

If you are gonna take friends advice an trade then you are looking for trouble

[Preston]

mkadir,gees no birthday wishes from u ,bro

[Hedgehog]

If Merafe goes past R2.25 and all other technical factors are good, then I would buy. In the short term there is a strong possibility change of some downside. If you do not know the stock market, first learn about it, put your money in cash, unit trusts or something you know about. When you are ready then invest in the stock market.

[#5]

I have made about 15k in a year on small trades like sim,aft,acc,rbx,etc. The problem is I have the cash sitting in my account and I want to use it to maximize my returns.

[Russ]

But seriously Mkadir,if you had any friends would you take their advice?

[Ega]

Ah! Russ seems you read Dale Carnegie's book "How To Win Friends and Influence people"

Good one, Thanks

[Russ]

Havn't read it.Waiting for Mel Gibson to make a movie of it. Just pulling Mk's leg!

[JDT]

Mk has friends... costs him a fortune... ;)

[Hedgehog]

Hi Tester Well if you have 15k and you have made money from trades then Merafe is a good option. The only issue is to time your entry. There is resistance at R2.15 and the R2.25. I see that it has now reversed from R2.22 to R2.17. If it goes past R2.25 then I will be more confident. It has support at R1.95 and if it drops through there the next target is R1.75. I am not convinced the downturn is over, so if you have to buy now, have a tight stop loss.

[#11]

thanks Grubber Kick

[muc]

I think this is a great buy, even at 215,ferochrome is rocketing

[CHATTYCHAT]

imio: I would only work with R15K and go for MRF. Not all in one share!! Even if your interest generating enviro has depleted the tax free portion of interest earnings, I'd still put the remainder in an interest generating environment and wait for the present market see-saw to come to rest. Watch banks (I suppose you've been watching everything, based on your previous trades)- they were jumping like foreworks only 72 hours ago, today you can't see the horizon. By the way, your'e going to be taxed on your trading profits!@*^%&

[#14]

Merafe keep going you beautie, should have put the full 60k in this one.

[sk_1]

I'm making 30% on Merafe..its at its high again, should I sell or is there more steam left in this one?