Matalan to go private cheap as chips !

I work in retail - I have not noticed a tightening of belts from the Middle Classes to cause a flood of buyers to MTN to put money in the tills.

However, MTM is converting its stock into cash through its tills with discounts on inexpensive stock, presumably to free self space for new stock (expected). But as there is no evidence to support a downturn in the economy at the moment (COMPARED WITH 2002) so I gauage that the shares will head to their next support level 110p.

Of course, I post with no specific information and DYOR, but I buy and sell on Tech analysis - takes the emotion out of decision making