MRF 3.17% 6.1¢ mrl corporation ltd

From a concerned S Her

  1. 7,373 Posts.
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    As a S Her from the rebirthing of MRF I am concerned of what has happened this week with MRF.
    Even though this weeks news is very good perhaps better that what could have been expected Im concerned with the rise and now fall ( not a ramping and now dumping ) of MRF, I would have hoped that with the release of the results and the associated good news from that that the price would have risen slowly according to the good news that it warranted and stayed at the new higher level not the massive pile in and almost desperate buying that was evident by ill informed traders.
    Now we are faced with the prospect of a slide in price with almost no volumn back to the previous level of last week.
    Day Traders cause lingering problems to any company as they have to MRF in their desperate hunt for quick profits and leave the quarry wounded and in some what scarred position as it is dumped as they head off in search of the next flash in the pan.
 
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Currently unlisted public company.

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