Robster has called it right. In fact he was over optimistic when he called 10p the support level when the sp was bouncing between 13 and 16p. As for taking note when an institution buys I'm not s sure. I made that mistake with the placing in 2010. I took my profit from another investment to buy for that very reason. The institutions were falling over each other to buy. In fact it was oversubscribed. 24p was not too far off the mark at the time, Robster's trust was misplaced with the BoD. I was always challenging his posts but eventually cut loose after they misled the pi over their shallow drill program. At this level though, the potential is far better for a profit and 9p should be achievable. You just have to take what the BoD say with a big pinch of salt.
How do you know I didn't short MXP? Besides I didn't *know* I was right, I just suspected I was given the way the company was heading. Too many people were way too optimistic with how the BoD were able to handle things. I just stuck with Murphy's Law - if it can go wrong, it will......and it did. :P
Robster did not call it right !!! Otherwise he would not have an average of 24p . He was just frustrated and everything became negative as his posts are clear to see. Otherwise he should have opened a big fat short and he would now cut and run. Just a thought however 8)
Indeed UBS had held 15% equivalent of total shares previous however reduced their holding, as had Henderson last year. If I was invested I would be interested to know shares were being taken off the market. Less shares being traded on the market means reduced supply and everyone knows what happens when shares are in short demand...
Remember UBS aren't going to pile all in here. What they put in is important in market capitalisation terms. At current levels I would certainly take note when an institution is buying. Watch this space for further buying ;)
MXP at these levels have to be a strong buy,no question debt sorted production increasing yearly next year we will show a nice profit.As for robster i know he has called this right and he is in the teens so i understand how he feels,but all he ever does is moan about the company.Why dont he sell and take the loss,or average down gla.
dropping again,i think logical has a point,this is a very frustrating share,as we are all well aware,i think even if max found GAZILLIONS of barrels of oil we would still struggle to reach 5p,its just one of those stocks,WE,VE BEEN HAD
How many times have you put this company down i would say about as many times as logical has on des.To be fair both points are correct but you have a cheek to complain about logical repeating himself on des when you have done the same on mxp.
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