re: still rising............... Messrs Pa28, Victorp and...

re: still rising............... Messrs Pa28, Victorp and Spiderman14,

So you are going to see MRE again below $1.50 cents and $1.80?

Why? Did you accumulate on that recent intraday rollercoaster that still is yet to be explained and make a killing around the $2.00 mark and want to get back in cheaply?

Curiously enough I was hoping to accumulate some more at those levels - indeed anything below $2.00 and am lamenting the fact that MRE is this high.

But I will speak frankly about my desire to accumulate cheaply; I won't descend to talking the shares down and thus shaking the tree for those who are sitting on a good profit with a bigger one in prospect.

But considering that MRE is a top takeover target and hungry Xstrata's parent looms large on the shareholder list, exactly what's your reason for thinking that we will see $1.50 or $1.80 levels again - i.,e, besides wanting to get back in cheaply?

Could your reasons lie with these unnamed "anaysts" you mentioned?

Maybe your technical analysis charts? Possibly bad news on the horizon?

A weak and implausible cloud of bulldust?

All of the above?

The $1.80 you posted so glibly about was INTRADAY - didn't that say anything about the perceived value and hence the demand?

And every "impartial" commentator and his wife is keeping an eye on MRE for Glencore/Xstrata to make a move.

So of course the analysts, market commentators and other assorted mercenaries (myself included) would love to see MRE at $1.50 and $1.80 again. That would just make them a BIGGER killing and surely they'd love icing with the cake.

(Sir) Lunchalot

Caveat: I own lots of MRE shares. Don't trade on any information you may see in my posts on this site. I am not a licensed investment adviser and have no desire to be mistaken as one. And, finally, I'm poor.


Let us honour, if we can
The vertical man;
Though we seem to value none
But the horizontal one.