GREY:MLKKF - Post by User
Comment by
jims101on Oct 31, 2008 6:11pm
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Post# 15559679
bjorn RE: 12 Month Target $12.35
bjorn RE: 12 Month Target $12.35I rate your post a FIVE for Usefulness as it raises my spirits which could hardly be lower after such a horrible month and last four....We do have a short term down trend break to the upside in place with a positively configured MACD..
https://stockcharts.com/h-sc/ui?s=ML.TO&p=D&yr=0&mn=4&dy=0&id=p24302165200&a=130768767&listNum=1
If the company can start shipping concentrate concerns about the company may suffiently diminish so as to expand on the rally that started this week from the depths of depression.
Doubled my markedly reduced position this week....$12.35 as a one year target is enticing; most of the gain will likely come very late in that time span as it likely won't be till then that the markets see an end to the credit crunch slow down and begin to believe again in well positioned operators.....Let's hope that fully applies to Mercator...
Cheers for a better November and end of the year.....
jims101.