GREY:MLKKF - Post by User
Comment by
24~Karaton Nov 01, 2007 3:35pm
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Post# 13735339
RE: Market Down/Copper Down/Moly Steady
RE: Market Down/Copper Down/Moly Steadyhttps://stockcharts.com/h-sc/ui?s=ml.to&p=D&yr=1&mn=3&dy=0&id=p44526483175&a=69177202&listNum=1
This chart will further substantiate your observation that ML is being met with continued demand, even in the face of general market adversity. It is a chart that had previously been supplied by our old friend, jims101. It is good to see ML bounce back from the sub-par performance to its peer group that occured after its offer was publically announced. If one were to ascribe a reason as to why that is occuring now, it is perhaps a more widespread recognition that ML can actually handle the massive capex expenses that would be required with an acquisition of this sort, without having to tap into the capital markets, an that puts ML amongst a select few that could do the same.
From a longer-term perspective, one aspect to this chart that is particularily revealing is that, even during the depth of the sub-prime driven August market collapse, the Accumulation/Distribution and the Money Flow indicators remained rock-solid.
Hey, jims101, I'm sure we all would like to see you back once in a while. Just because someone here thought that an ad hominem attack was the best way to vent his emotions, I wouldn't let that bother me. As long as an opinion is substantive, and supported with objective criteria, it is well worth its presentation!
(P.S. Contrary to my suspicion that it appeared that Stockhouse was maybe intentionally slowing down its old site, I think that was only a temporary glich. A small point, but when I am wrong, I not wish to withhold the recongnitoin of that.)