Well you are right A.H. it could go lower , we are in a cyclical correction as we always are this time of year , reporting season along with Chinese new year , when the giant Chinese machine stops for the one holiday of the year , and about a month of care and maintenance , and restocking . The risk is though , its closer to the bottom than it is to the top , and its very easy to get it wrong . Although if you do there is still plenty of time to get in and make a motza . If you are scared of getting it wrong then this game is not for you ! The only person who has never made a mistake is the one who has never tried anything . The difference between us is I'm an investor in this one , but a trader in others , I'm prepared to go the distance because I can see a ten bagger . I subscribe to Daryl Guppy , a highly regarded chartist " he appears regularly on CNBC " and his bottom is about 4650 on the XJO . he is very accurate . So you may be right A.H. but I'm not playing this one that way , I've played that game before and got caught every time . But good luck . Let me finish with a little story , some years ago myself and a Doctor friend of mine came across a medical co. who had perfected a liver cancer treatment , we bought at $2.00 and sold at $6.00 , good deal ? no, four years later it went to $145.00 . How's that for a big hairy mistake . I try not to do that now............
MRM Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held