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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.
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