mcmahons
- 05 Nov 2004 12:53
- 15 of 18
img src="http://www.moneyam.com/cache/graph.php?epic=MOI
MikeHardman
- 05 Nov 2004 19:06
- 16 of 18
Well that big order
---and the BUY note in Investors Chronicle today
------and the +ve AGM stmt today
stimulated some interest!
Unfortunately not all of it buying...
...there seems to be a large seller(s) unloading into attempted rises at the moment.
Eventually, they'll be gone and this puppy can make headway, though it has managed to make a little progress anyway. That possible falling resistance I mentioned (see chart in post 9 above) looks like it has been broken... It will need to hang in there for a while longer, to be sure, though. And it runs a risk of not being able to make it up through the 1p barrier, and thence sliding a little.
But with the solid and improving fundamentals (I like the bit from the AGM "a number of significant orders are under negotiation"), the omens are good.
BTW, the IC piece conculded: "MOS has a bulging pipeline of orders and is now trading profitably. Buy."
MikeHardman
- 11 Nov 2004 11:19
- 17 of 18
1p to buy again; any moves up from here will look that much better - after a few days consolidation. It is, for me, primarily a med-long-term play, but emergence of an uptrend is bound to tempt others to enter, hopefully helping liquidity and spread, though it may take some months.