MTE 0.00% 3.0¢ metrocoal limited

PJ70, I've just had a few scalps on the swings on a technical...

  1. 6,591 Posts.
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    PJ70, I've just had a few scalps on the swings on a technical basis and have never held it for more than a couple of days at a time.

    If I'll be brutally honest, even though I do like the fundamentals in the long term, the real gains were to be made around 6 months ago when the stock was lingering in the 30s. But thats not to mean that I would run to the hills either if I was already holding. The stock is still reasonably well valued, if not a little bit cheap, especially if they mark their word and build up their resource over the next year.

    If I had to do one of either buy or sell right now at this very moment, I would be leaning more towards the buy button purely because the company has a good long term strategy, and you can always buy a few more on the cheap if it were to retrace back into the 70s/80s.

    Don't take the above as advice; its just what I would do if I were looking to invest in the company, which I'm not by the way because I've got more than enough coal in my portfolio as it is...
 
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Currently unlisted public company.

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