MPG - Metro Glass

[Fatboyj]

Hope fatboy hopped on the train .....and not waiting for sub $1

My oil tanker license stuck in transit so no pickup . All good, would have had to sell a bitcoin a few days ago. Swings and roundabouts. Did you get any old boy?

[t.rexjr]

Long term hold ...or cyclical

Highlight froim BP chart is the 3 SHARP DROPS Metro has experienced in the past

Market behaviour won't change - Metro are tarred with the watch out brush .....Metro disappoint again and expect another SHARP DROP ...always happens

So long term - hope everything is honky dory and no more surprises ...ever

Otherwise a traders stock

Nice graph that. Suggests as most seem to think on here that it's oversold. (or FBH about to plummet too).

My point to Steveb would be that $1.40 is still a high average, especially after already doubling down. A long way to go before breakeven.

[Out to lunch]

Will have to hope that Viridian doesnt under cut us , so we don't have to under cut them, so they don't have to under cut us...

I like this comment, it is currently a tempting P/E if this business isn't just a glass commodity stock. And combining scale and custom design/sales sounds hard.
Then again lots of chat around construction industry boom, how can a lagre market share company not do well in a growing industry?
However I reckon this construction boom is significantly impacting increased construction labour costs rather construction materials. Might fill my boots on some AWF.

[Hoop]

MPG behaves as a cyclical stock and as sometimes happens with cyclical stocks the cycle wheel falls off and the feline cyclist is thrown into the air and dies....Watch now for that dead cat bounce..its could be the only event that makes you money on this share for the foreseeable future..

Chartwise this cycle break is the worst bear chart I've seen for a while...horrible horrible...This "sharething" called MPG is in another one of it's capulation phases of its bear....I won't call it a bear cycle as some cyclical stocks fail to recover and go extinct...

This is the reason I keep harping on about cyclical stocks...They are your best friend going up and a total bitch going down..Problem is these best friends can turn on you in an instant...Many investors avoid all cyclical stocks like the plague for good reason..when they get bitchy they are totally unpredictable and can destroy your portfolio very quickly

Look at the unpredictable nature of MPG's cycle...The recent cycle low of $1.28 during a building boom looked like a great time to back up the truck and buy sh1tloads..and watching it quickly climb up into what looked like another up cycle was very gratifying, even the early August throwback from $1.56 to $1.40 looked OK as it seemed to be a profittaking correction (TAer's knew better and exited on mass sell signals).......then portfolio disaster!!! the cycle wheel suddenly fell off!!!

Cyclical stocks:...The market giveth and the market taketh away..and then some

Attachment 9116

[RupertBear]

MPG behaves as a cyclical stock and as sometimes happens with cyclical stocks the cycle wheel falls off and the feline cyclist is thrown into the air and dies....Watch now for that dead cat bounce..its could be the only event that makes you money on this share for the foreseeable future..

Chartwise this cycle break is the worst bear chart I've seen for a while...horrible horrible...This "sharething" called MPG is in another one of it's capulation phases of its bear....I won't call it a bear cycle as some cyclical stocks fail to recover and go extinct...

This is the reason I keep harping on about cyclical stocks...They are your best friend going up and a total bitch going down..Problem is these best friends can turn on you in an instant...Many investors avoid all cyclical stocks like the plague for good reason..when they get bitchy they are totally unpredictable and can destroy your portfolio very quickly

Look at the unpredictable nature of MPG's cycle...The recent cycle low of $1.28 during a building boom looked like a great time to back up the truck and buy sh1tloads..and watching it quickly climb up into what looked like another up cycle was very gratifying, even the early August throwback from $1.56 to $1.40 looked OK as it seemed to be a profittaking correction (TAer's knew better and exited on mass sell signals).......then portfolio disaster!!! the cycle wheel suddenly fell off!!!

Cyclical stocks:...The market giveth and the market taketh away..and then some

Attachment 9116

Yep thats an ugly looking graph Hoop! I am hoping the dead cat will bounce a little higher then I'm out!

[Kay]

MPG behaves as a cyclical stock and as sometimes happens with cyclical stocks the cycle wheel falls off and the feline cyclist is thrown into the air and dies....Watch now for that dead cat bounce..its could be the only event that makes you money on this share for the foreseeable future..

Chartwise this cycle break is the worst bear chart I've seen for a while...horrible horrible...This "sharething" called MPG is in another one of it's capulation phases of its bear....I won't call it a bear cycle as some cyclical stocks fail to recover and go extinct...

This is the reason I keep harping on about cyclical stocks...They are your best friend going up and a total bitch going down..Problem is these best friends can turn on you in an instant...Many investors avoid all cyclical stocks like the plague for good reason..when they get bitchy they are totally unpredictable and can destroy your portfolio very quickly

Look at the unpredictable nature of MPG's cycle...The recent cycle low of $1.28 during a building boom looked like a great time to back up the truck and buy sh1tloads..and watching it quickly climb up into what looked like another up cycle was very gratifying, even the early August throwback from $1.56 to $1.40 looked OK as it seemed to be a profittaking correction (TAer's knew better and exited on mass sell signals).......then portfolio disaster!!! the cycle wheel suddenly fell off!!!

Cyclical stocks:...The market giveth and the market taketh away..and then some

Attachment 9116

The TAers who sold out at 140...bought in when?

[Brain]

So Hoop as the TA guru perhaps you would like to tell us mere mortals the likely fate of MPG.

Will MPG ultimately recover and reward the shareholders or is it destined to fail miserably like IQE?

If it ultimately recovers how low will the share price go? Maybe it has hit its low point already?

Is today's behaviour a dead cat bounce? I guess we will only know with hindsight.

I think that it will recover and that will be driven by the fundamentals.

The CEO throwing money at the share is a good enough sign for me.

Brain

[TheHunter]

I think that it will recover and that will be driven by the fundamentals.

Absolutely. All well in good to use TA and it definitely has its place but ultimately fundamentals are what drive long term share price. TA always confirms something has happened... afterwards. Underlying business valuation is key.

Housing shortage = key topic for election, likely to see continued housing construction for the next few years = sales
New market penetration (Aus) = earnings growth
Directors buying = skin in the game and a very well known signal the stock is undervalued
Large insto buying with almost 10% holding = likely to have done more research and understand the numbers more than anyone on this forum
Long term incentive plans in place based on shareholder returns = commitment to redeeming prior performance
Attractive dividend yields = beats the bank.

This stock ticks a lot of boxes, don't be scared by a doomsday graph.

[t.rexjr]

Absolutely. All well in good to use TA and it definitely has its place but ultimately fundamentals are what drive long term share price. TA always confirms something has happened... afterwards. Underlying business valuation is key.

Housing shortage = key topic for election, likely to see continued housing construction for the next few years = sales
New market penetration (Aus) = earnings growth
Directors buying = skin in the game and a very well known signal the stock is undervalued
Large insto buying with almost 10% holding = likely to have done more research and understand the numbers more than anyone on this forum
Long term incentive plans in place based on shareholder returns = commitment to redeeming prior performance
Attractive dividend yields = beats the bank.

This stock ticks a lot of boxes, don't be scared by a doomsday graph.

Historically they've been considered/valued with an element of perceived growth; though give them a building boom and they've underperformed. Now they hint at stalling. The fundamentals (lack of growth) have caused the collapse and the market (in my mind) has overreacted...
Solid, sound company.
Key to how undervalued = growth yes or no?

Disc: Investment held, lost, dumpted, Speculative held, gained, dumped. Even stevens. Hold...

[Hoop]

So Hoop as the TA guru perhaps you would like to tell us mere mortals the likely fate of MPG.

Will MPG ultimately recover and reward the shareholders or is it destined to fail miserably like IQE?

If it ultimately recovers how low will the share price go? Maybe it has hit its low point already?

Is today's behaviour a dead cat bounce? I guess we will only know with hindsight.

I think that it will recover and that will be driven by the fundamentals.

The CEO throwing money at the share is a good enough sign for me.

Brain

.
This TA guru doesn't have a crystal ball.I don't need one..I invest using 70%+ odds (TA discipline)...I leave the "think"% odds, emotional guesses and future FA predictions to you..I wish you good luck with that.....

I'm seeing my TA post has stirred up some diehard supporters ...hmmm ..maybe I'll invest a few dollars and catch the bounce...