MRF 3.17% 6.1¢ mrl corporation ltd

I know a few years ago, maybe still, some "tip sheet" used to...

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  1. 7,432 Posts.
    I know a few years ago, maybe still, some "tip sheet" used to charge $500 for a daily list of change in Director's Holdings. The "spiel" went Buy/Sell with Directors and you're doing "the insider".

    Well not only is such info published Daily by the ASX for Free, this concept of director trading as a lead is flawed.
    You have to firstly have kept track of their Average Cost Price. What their Accumulated Holding Cost is.
    This Buy of 1 million shares on Market was at 4.67 cents but Directors TOTAL holdings could well be at a much lower cost.[Holds 2 cent shares,Holds free incentives etc etc]
    Director Share Buys can also be PR. Done exactly for the effect on sentiment and confidence we can see on this forum.
    BUT weren't bought at 7 cents or at 10 were they?
    Anyhow MRF is "indicated" as being "bottomed" and consolidating at this price range 45/55.
    mrf_ax31mar15_to_06jul15.png

    Resistance/ Spike Top 7 ish. Awaits some FA "developments" and perhaps a proportion graphene/ graphite
    from one step processing.
 
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