noad

The Faraj List of Exploding Stock Part 2.03


barnetpeter - Tue, 30 Dec 03 :

Balto.

MMG - fingers called this at 23p earlier this year in September and I piled in just before it took off. Checking my records, I see I sold out at 35p just three days later. (Incidentally, although fingers rightly hates people buying just on his suggestions, he is often quite awesome at calling a rally just before it occurs).

I then traded MMG twice again both profitably. It is now drifting again I see and I have noticed the spreads often differ all the time. I nearly bought in again recently on a rally ; but was put off by Level 2 inspection and sure enough it ended lower on the day. On the fundamentals, it is very expensive I think. The balance sheet is very weak in comparison to the cap and it wil almost certainly need more cash. Not for me at the moment I am afraid. I will watch and see and await fingers / SM to call it again.

Search for a stock: 



By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions :: Contact Us :: Affiliate Scheme
Copyright©1999-2008 ADVFN PLC. Copyright and limited reproduction :: Privacy Policy :: Investment Warning :: Advertise with us :: Data accreditations :: Investor Relations :: Press office :: Jobs

ADDITIONAL SERVICES AVAILABLE FROM ADVFN
Upgrade - Click here for more information on ADVFN premium services Money Words - ADVFN Financial Glossary Investor Training ADVFN Financial Bookshop Online Training Academy

34 site:2us *** far2081204 05:09 Stock Message Boards ( 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2007 )