nickel up aud down, page-229

NJ,

In all fairness, its just not my strategy to try and buy companies purely for the reason of being oversold.

If that is your reason for owning shares, then it is a valid one.

But if your reasons are because you expect MRE to deliver solid earnings growth, dividends and you believe the stock is fundamentally cheap, then I would have to disagree with you.

While MRE could potentially deliver these things mentioned above, I believe it is HIGHLY unlikely given its past performance and current position. There is not a lot working in favour for MRE at the moment and I cant see how this is going to change.

MRE has a shocking track record and a company that got swept up in the nickel run and pushed to outragous levels. It didnt warrant being there on its performance.

I would also not hold a stock on the "hope" of a takeover alone. On that basis, every stock on the market is a hold. You would want more valid reasons than that, and as far as I can see, there arent any.