MMX 0.00% 4.7¢ murchison metals ltd

margin calls the issue

  1. 1,702 Posts.
    Agree with various posters here that MMX a screaming buy on pullbacks. The US market won't find a base until at least Weds or Thurs as there is fear of contagion and a massive flight to boring USD assets (mainly USTs)...... But we will bounce. The big fear here in Oz is just how many people are leveraged into this market. I don't use the stuff, but it's easily available as we all know. MARGIN CALLS on Monday for many people will hurt - so just as they've borrowed to buy the latest and greatest (and I'd put MMX clearly in this category), they may be forced to sell. MMX and other hot stocks won't trade on fundamentals for a week or so........... happy buying in the meantime!!!! Also love MOL, BCI, PSV, KCN and MCO.
 
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Currently unlisted public company.

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