MCC 0.00% $16.01 macarthur coal limited

running hard

  1. 251 Posts.
    Mcc, has run well from its price of mid $2. I really wish i would have topped up more at that time, but unfortunately I had jumped the gun and bought in a little too early (still going down). Oh well, Well and truly back in the money now. But I would have thought this good run up would triggering a few TA guys to be having this stock jump up on their radar..

    Whats everyone thought on the these large gains that have been going on. Are we just getting back to a status quo from an oversold position. I would love to see this consolidate in and around the $8 mark but am wondering if this is being overly optimistic. Still only has a PE of approx 8 so I suppose if you are optimistic then it is very low, but if you think this crisis is still only just emerging than 8 may be considered high considering what the market is... mmmm. Oh well, I will leave at that at the moment and would love to hear others thoughts and as Buzz lightyear once said, "to infinity and beyond"

    good luck
 
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