MFT - Mainfreight. Global Freight & Logistics

[Snow Leopard]

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

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

[limegreen]

Today is International Talk Like a Pirate Day.

DISC: MFT makes me say ooooh ARRRRRRRR

[Snow Leopard]

I agree: It is all getting very silly.

[limegreen]

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.

[Snow Leopard]

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.

[limegreen]

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.

[hesiod]

OUCH !

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

[limegreen]

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)

[Snow Leopard]

Will be interesting to see how far it retraces.

[rmbbrave]

quote:Originally posted by Paper Tiger

Will be interesting to see how far it retraces.

"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).