1.8 million in shares already traded today.
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1.8 million in shares already traded today.
research suggests risks around productivity and execution and in being able to translate this into meaningful margin increase also she be right attitudes also slow down becoming evident.
He might need to get his cheque book out again as it's trying to break below $1.30, watch out for that broken glass BP. PS-The chart looks like a cliff fall followed by a serious rollercoaster. PPS-Put a bid on myself at $1.29, might as well take a wee rollercoaster trip just for the fun of it.
Maybe they have hit a bottom at $1.30 ? PE 11.5...BNZ reckon there's about 1 million Kiwi's presently living overseas. With the world security situation deteriorating by the day I can't see any let-up in the immigration rate of 71,000 per annum wanting to come to little ol safe New Zealand. All got to live somewhere. Maybe no end to the building boom in the foreseeable future ? If management can make a half decent effort to convert some of that building boom into bottom line results, (unlike FBU who seem to have systemic issues potentially going on for years with questions regarding all of their construction backlog previously won using systemically flawed bidding processes ?), then maybe this is the one to own instead of FBU ?
MPG is a grizzly type bear..If it breaks below 1.30 (Primary support) it will fall quickly to form a low (TA target price 1.10)..MPG being a bear says that without any TA buy signals there's a good chance of it breaking its 1.30 support, if not this time perhaps the next time......Couta.I fail to understand your mirror image investing style:confused:..its even doesn't fall into contrarian investing strategy.
MPG stock sudden fall is attracting some Contrarian Investors, but not enough yet to trigger buy signals...
Investment strategy says you don't trigger a buy just below a major support break (when others trigger a sell), you trigger a buy just above support (as what is happening now) with very tight stops just in case it breaks..
Was a bit of a humourous response to BP's enthusiastic loading up on MPG. I did have a bid on at $1.29 last Friday but that $1.30 seems to be providing quite a good support level at this point. From my viewpoint it would only be a small punt on the basis that it could give a 30-40c upside over the next 6 months. A bit like PPH aye Hoop, you can't win if your not in.:eek2: