MRM 0.00% 33.0¢ mma offshore limited

Chart has short term potential, page-190

  1. 914 Posts.
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    Be careful assuming that MRM follows the oil price on a daily basis.

    I have held and watched this stock a long time and it often moves in the opposite direction.

    You only have to look at the past three days for two examples. We dropped like a stone on a rising oil price, then recovered nicely on a big down day for oil.

    Overall, the rising oil price trend will be followed, but day by day, the MRM stock price has little correlation to the Brent Crude price.
 
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Currently unlisted public company.

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