another one down, page-5

ESG or MEL? I was not paying close attention to MEL yesterday, only ESG. ESG has had a significant run in the past week and naturally going to step back a little before going on the next run. Alot of profit booking in this market, however more importantly there is resistance and people willing to buy. Volume shows interest, i don't doubt that someone is trying to keep the lid on some of these stocks to accumulate at lower levels. I hold both - i believe ESG management and cash position is better than MEL , although i still feel MEL has a long way to go but their cash position does not help them.