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marmiesz - Mon, 29 Dec 03 :

luckytwo, it doesn't say that its a good or bad investment. Simply advice to hold at 14p. Read that as you may. It could mean, sell if below this price as it indicates weakness, or if it falls below 14p a buy as it is oversold. Should it reach the strike price then hold until news emerges. For my money, I read it that the target price is 14p and that the stock is a buy at these levels. Should it reach 14p then I will be holding for news/ trading update/ disposal news. Again, it has to be remembered that Fidelity have bought in at much higher prices, and that they tend to go into cos that have fallen out of favour. Much the same happened to CTM when they bought in at 62p and the price fell to 35p. CTM are now at 95p, though to be fair, the bear market knocked prices to ridiculously low levels. My own target price for MT. is 16p, as I go by charts as a main guiding principle. Bought at 10.5p holding.
Regards,
Marmie.


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