Headed back up, page-158

MRF was clearly oversold the past weeks, and it was easy to see that volume going was most likely the day traders. One fine annoucement followed by a Grigor presentation. What an excellent backdrop for setting up a 2 day trading game. Personally, I was not surprised to see it drop back to current levels, but at the same time, I think this is working in the companies favour, as it has now come to the attention of several parties.

With that in mind, the rise should continue as longer term investors begin to research and compare data. Such a rise should be slow, but consistent with announcements and company developments. This is the only way it will attain new highs and stay there. (note I am suggesting stay..rather than highs).

MRF is a story in the making and as each vein gets defined and mined, then the returns will begin to come in. Lots of veins yet to be accounted for and from discussion with a friend recently in sri lanka, MRF are pegging the right areas. Slow and steady will be rewarding, but be aware day traders always look for opportunity.