Nic has been bipolar on MTE for a long time. I started posting on the stock in April when it was still in the 30cps price range. The guy has constantly fluctuated from long term bullish to short term bearish in the hole time i have been following the thread. Nic is an amusing poster who i think has a pretty good idea on the fundamentals behind this stock but just a mug punter like the rest of us when it comes to short term daytrading. The clear fact with MTE is that the sp is not going to retrace much in the short term because of the expectation of an oustanding news flow on the horizon. Given the fundamental values on some other high quality developing aussie coal stocks its not hard to see that there is still considerable upside to come.
MTE Price at posting:
96.5¢ Sentiment: Buy Disclosure: Held
