hey guys, i wanted to get some thoughts on where you see the stock being in 1 months time.
I'm currently on the assumption like most people that the market is still nervous with Japan, the middle east and north africa. With people taking their money out as soon as it gets back to their purchase price.
If japan settles and north africa and the middle east doesnt have any substantial market changing events i see the stock going to about $12.10-$12.50 as people will start to look for "safe" oversold stocks that have a track record of not being too volatile.
it doesn't look like the carbon tax is going to get up and i'm looking forward to the announcement when labour decide to postpone the issue until they can come up with a plan that actually makes sense.
This forecast is based on alot of assumptions going my way however it would be good to get some other opinions.
thanks
MCC Price at posting:
$11.23 Sentiment: Buy Disclosure: Held