MFE magnetite mines limited

the bounce the bounce, page-4

  1. 60 Posts.
    Blokes, the papers may be selling doom and gloom, but as you say ROY sold down on low volume, but bought up in quantity when the sell side is full enough.
    I like that kind of buying action. It demonstrates confidence in the company's fundamentals, regardless of the general market sentiment.
    I've enjoyed watching UMC go against the trend during the last six months, and I have the feeling that ROY is finding a solid base and will do the same.
    By the way, your 'month off' time-period takes us to the start of the Olympics, something different for the media to get worked up about. That will make a difference... but I don't think we'll have to wait that long.
    Cheers
    Freo
 
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