Firstly it got ahead of itself and gapped up twice on good results , secondly the xams trading update although great, was not enough to satisfy momentum investors and so people started to take profits. Thirdly the spectre of high inflation and energy costs means that retail margins will be squeezed in the medium term. Suffice to say this is all my opinion but I think MKS have got their strategy right and not many of their customers will want to switch to lidl et al.
Judging by the timing of ALL your posts JNWT .. clearly yu get home from school around this time.. laughable really... MKS stores are busy BTW - have a look after your paper round erh :)
Kerch.. those promises and stupid valuations were the exact reason I was bearish last year and boy oh boy did I get abuse for it from the likes of "ryan" and other rampers who could not see the wood for the trees. I am not here to gloat as I thought it would fall I am here only because it has fallen too much. lesson for all here about rampers and their ridiculous predictions and that includes CF although I still think it is overcooked on the downside
not facts it is all emotion and panic selling now across the board. Hold is always the best option in that scenario. As for how low this can now go well we have weak support lines at 11.36p and the next major support level is 7p.. If we hit anywhere near that I will treble my holding
Well I get the sentiment as when I stated 18p last summer the amount of abuse I got has seemingly turned inward judging by the comments on this board. For me it is really simple.. my fair value price remains 18p and so I will stay in till we get there before June I reckon. Stayed out for months so staying in for a few weeks/months is ok to. Take your point thou GL