MFT - Mainfreight. Global Freight & Logistics

I did not gloat over the climb of Mainfreight to yet another new high of $3.60 yesterday, and very noble of me too. :D

This is just as well as it has shed a few cents to $3.50 today. :(
Damn profit takers!

Today is International Talk Like a Pirate Day.

DISC: MFT makes me say ooooh ARRRRRRRR:D

I agree: It is all getting very silly.

Everyone needs something a little silly every now and then. I'm glad MFT's mine. 'Nother glass or 3 o' wine tonight me 'earties.

This is the trouble with Mainfreight.
It costs a lot in celebration alcohol, even if you do pick up a 12pack of Tiger Beer on special at New World.

Better celebration alcohol than commiseration alcohol. With the latter you lose twice[xx(][xx(][xx(]

UPDATE: I don't bother to chart MFT very often, but I note that the price rise has been accompanied by a rather comfortably rising OBV, which is surely a good sign. Not a lot of shares usually change hands in the average day, but there's been good volume underlying the rise.

OUCH !

Was that a severe case of overheating followed by the hangover ?

It's only a mild hangover so far, although there has been a bit of volume through. I'm rather optimistic that it might confirm the trend rather than break it. It's still above a 50 day MA and the tentative trend. The current 'hangover' (red) is hardly worse than the other marked here (also in red). About the only cloud on the horizon is a slight turn in the OBV (not displayed)

http://img.photobucket.com/albums/v3...ft27sept05.gif

Will be interesting to see how far it retraces.

Quote:

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quote:Originally posted by Paper Tiger

Will be interesting to see how far it retraces.

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"Interesting" is not the word I would choose. If your holding I think "scary" is a better word.

"Rmblucky" is not holding, he sold his at 3.41 a couple of days ago(bought @ 2.86 in July).

Weathering the storm with remarkable resilience.
It would seem that your sale was perhaps a little premature rmbbrave, looking back with the benefit of hindsight.
[Arhh, tis a wonderful thing, the hindsight. Tis a pity it always comes late.]

As one or two of you may have worked out I am a dedicated Mainfreight fan, but I must admit even I am surprised by how well the old Share Price is doing.

Disc: still holding for the long term and celebrating regularly, hic! :D

$3.40 at the end of week, SP down :(, but OBV up [^], over the week.
If you want to draw short term lines ( less than a year ) then you should be out
If you are longer term then maybe you are still in.
Purr-sonally: long term: I still think it has legs: Short term: who knows?

Got to bring good ol' Mainfreight back up to the front of the queue.

$3.20 down since last post :(, but OBV has risen [^].
It's not just me who likes this one, you know.

What no conversation about good old Mainfreight in my absence? :)
Pre-half year announcement rally is in progress.
Of course the question is:
Is it justified [?]

Stay tuned for the answer :D.

The Paper Tiger Monologue continues:

Obviously the world took my last post as a sign to sell given that the price went south from 3.33 all the way down to 3.19 (on little volume)
But today it ends at 3.37, the half year result approaches, the econony has been booming [8D], much stuff has needed shifting :), but fuel costs have been high :(.

So, are you with me on this?

I'm hovering around this share at present PT,

Are you out of Fletcher Building and NZR which I have had the priviledge of co-owning with you on past occasions ?

I have my FBU, I think that the market is currently undervalue-ing this one, they should improve their results over the next few years and I see no reason to sell.
I most recently bought NZR and then sold the next trading day. which in retrospect was a really smart move. It would seem that NZR is bouncing around all over the shop, I guess the day to day SP is being dictated by the crude oil price which is a silly game to play. Longish term I am not sure what is the the "right price" for this one, and thus I am not willing to hold.

I looking forward to reminding you of your comments on the NZR thread at a later date.


For your assistance, crude oil price has nothing to do with NZR profits, which correlate directly to the Singapore refiners margin and the $US/$NZ exchange rate. The higher they go, the larger the profits.

I am positioning on the basis that both of them will remain at present levels or above.

You cant find a source for me that gives a daily of the margin can you PT ?

Half Year is out. [^]

o dear, well, who cares really...
the last time mft was at 340 i sold half my holding because it was on the way down! i've done this before because i've never quite believed that mft either deserves its price, or can fight off outside influences such as energy costs.
happy to be proved wrong, again.