MPG - Metro Glass

[TheHunter]

Last trade at $1.11, glad I got in at $1.07.

Still bloody cheap, market has really discounted this stock upon Hendersons exit.

[winner69]

Last trade at $1.11 and looks to still be rising, ASB shows the quantity sought by buyers is more than triple what's on offer from sellers. Which I take to mean the tide may have turned.

Glad I got in at $1.07.

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

[horus1]

I bought some ,should have bought more. Good buy and a good broker.

[TheHunter]

I bought some ,should have bought more. Good buy and a good broker.

Still can...

[steveb]

yes I doubled up yesterday at $1.06 but the quick math shows me I am still looking at an average cost of $1.40.!

[t.rexjr]

yes I doubled up yesterday at $1.06 but the quick math shows me I am still looking at an average cost of $1.40.!

You need to start listening to that song by me old mate Kenny!

[TheHunter]

yes I doubled up yesterday at $1.06 but the quick math shows me I am still looking at an average cost of $1.40.!

I don't see any issue with holding this stock long term at an average of $1.40...?

[steveb]

I don't see any issue with holding this stock long term at an average of $1.40...?

Thanks Hunter it looks like a it could be a cyclable stock,hopefully this up trend will last.Am happy to hold longterm

[TheHunter]

As always tho do your own research, see what the next result announcement is like and decide whether to hold, sell or buy.

[winner69]

Interesting - just tried to correlate the MPG charts with some other companies from the building industry .... and FBU seems to be by ways the best fit:

Attachment 9107
blue line - MPG;
orange line - FBU;

I wouldn't have thought that both companies have that much similarities ... so maybe it is more the general feeling (or mood)?

Other questions: is this last spike down really a "MPG special", something very temporary - or is FBU likely to follow?

Looking at the RSI (not in the picture) would I expect MPG to bounce back next week. Question is just - by how much?

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