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Re: Metorex - MTX [message #39808]

Wed, 05 August 2009 16:35

SHOOTER

Messages: 203
Registered: September 2006
Location: Cape Town

Senior Member

Joshua, sorry to hear, but now at 370!!! I was too scared to get in at 280/290, but......

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Re: Metorex - MTX [message #39809]

Wed, 05 August 2009 16:56

joshua
Messages: 668
Registered: June 2009
Location: By the SEA

Senior Member

SHOOTER - Hope this share runs like MRF.I need a break with SAN.
Cannot really complain about the others. HAR, DRD. Smile

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Re: Metorex - MTX [message #39880]

Thu, 06 August 2009 10:29

joshua
Messages: 668
Registered: June 2009
Location: By the SEA

Senior Member

Well guys/dolls lets hope that MTX is right behing MRF Smile

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Re: Metorex - MTX [message #39885]

Thu, 06 August 2009 10:33

piranha

Messages: 382
Registered: January 2009

Senior Member

Hit that R3-80,as i thought.

Now for R4-00.

Regards
Piranha.

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Re: Metorex - MTX [message #39992]

Fri, 07 August 2009 10:52

dunjani

Messages: 75
Registered: October 2006

Member

She is going to grow wings and fly! Watch this one!

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Re: Metorex - MTX [message #40082]

Tue, 11 August 2009 10:34

joshua
Messages: 668
Registered: June 2009
Location: By the SEA

Senior Member

This horse is chasing MRF percentage wise, (still a long way to go) who will win by end of August. The other horse (donkey) SAN has lost his jockey and is still standing at the starting gate. When is he, or is it a FILLY, going to move their legs forward (up) Laughing

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Re: Metorex - MTX [message #40088]

Tue, 11 August 2009 11:24

piranha

Messages: 382
Registered: January 2009

Senior Member

UUU lost its four legs at the start,was shot and send to the butchery.

This is going to see Pottie and my chances gone for August.

Regards
Piranha. Laughing

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Re: Metorex - MTX [message #40089]

Tue, 11 August 2009 11:40

joshua
Messages: 668
Registered: June 2009
Location: By the SEA

Senior Member

GOOD DAY PIRANHA!
Which butcher? I need their services with regards to SAN.

Enjoy your day! Laughing

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Re: Metorex - MTX [message #40237]

Thu, 13 August 2009 09:46

joshua
Messages: 668
Registered: June 2009
Location: By the SEA

Senior Member

Hope it breaks the resistance level of 390 this time round! Smile

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Re: Metorex - MTX [message #40468]

Mon, 17 August 2009 14:32

rave

Messages: 89
Registered: November 2008
Location: central SA

Member

Where is this share going down or up??
I am confused whetehet to get in now or wait

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Re: Metorex - MTX [message #40471]

Mon, 17 August 2009 14:55

Banco

Messages: 142
Registered: September 2007
Location: Western Cape

Senior Member

I will wait!!
Sold on Friday at 380! Initially bought at 439 , but expect some more downturn. CRB Index is the one to watch here.

Colin Twiggs (Incredible charts) has this to say this morning

The CRB Commodities Index, shaken by the prospect of falling demand from China, retreated below short-term support -- signaling a bull trap. Bad news for resources stocks. Breakout below 255 would confirm a test of primary support at 230. index.php/fa/1322/0/

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Re: Metorex - MTX [message #40477]

Mon, 17 August 2009 15:16

Pothole

Messages: 1970
Registered: September 2007

Senior Member

What an interesting chart!
Don't know exactly what to read into it though.
There has been quite a lot of activity around MTX of late.
A proper understanding of the company's (current state of) fundamentals would help though.
R3.50 may just be a bargain price!
But with all the negative sentiment around the market (today) I think one would have to be very brave (some around here will call it irresponsible or stupid I suppose) to jump in.... (and in the process break some of Farouk, contango et al's rules)
But, who really knows for sure.... Confused

The Share Market is NOT driven by Fundamentals.....
Greed, Fear, ..... Patience!!

*** Please do own research ***

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Re: Metorex - MTX [message #40512]

Mon, 17 August 2009 22:44

Banco

Messages: 142
Registered: September 2007
Location: Western Cape

Senior Member

Pothole

If one look at the chart it might be possible that my exit was premature. A break down the uptrend line is suppose to trigger the sell.Furthermore the 20day SMA(simple moving average) and 50day SMA follow the trendline and provide some more support. Will it bounce off or break through the support is the question.

I have noticed the interest in this share and I like it. After closer inspection I found that one of the OLD MUTUAL Funds bought 10 000 000 shares since 1st of April 2009 till 30 June 2009. Only about 2 500 000 was sold by other funds over the same period.

Good management and no currency fluctuations(everything they pay and earn is in USDollars.)

Have a look at the SAYDEX report for fundamentals. It is somewhere on the forum otherwise pm me and I will send it.

They have a debt problem BUT the S&P500 has a Price / Earnings ratio in excess of 145 and everybody shout we are the beginning of a Bul market so what is a couple of billion or million $ in debt between friends Very Happy