Went short a few MGCR towards the close. Feel it's definitely rejected resistance and would like 140p tomorrow!

Dave - you'll never go bust baking some cash!! ;-)

b,a.,seaw .whats your views on mtn.

MTN will never go bust!

Could be on the bounce by the look of things. Yahoo Bizz have resistance at 260p

Valuation using Matalan plc 's current multiple (P/E):

Fiscal Year Est Low/High Price Range Avg. Est. Price % Change for Average
2005......................210.56-330.88............ 270.72.........30.29%
2006......................204.92-394.80............ 306.44......... 47.48%


Above from MSN Bizz

Looks like there is some slack in the price, not one I follow though!

Dave - made a bucketload on MTN last year on bid rumours. If I remember, 206 - 258p, or close. Did trade it intraday earlier this year when it was languishing around the 160-175p mark. Kind of took my eye off it for a bit and see it is up and away again.

My local one is always mobbed, but not sure how their margins are. Goods are very cheap.

cheers al,yes i have more intrest in it my self now up over 30% for us 4,we my now sell for 2.30/2.40 ish who no`s,,,,are sell price was 2.60,make just over a quid on each share.