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Mitsubishi Tokyo Fin. Gro (MTF) Message Board

  • imperialpoetpurple imperialpoetpurple Sep 15, 2004 11:39 PM Flag

    Anaconda digests slowly...


    Uncertainty is causing some choppy trading... Just remember Mitsubishi Motors is turning around and soon MTF will be the largest bank in the world and will have cut a lot of bad loans in the process!! Soon this bloated and diluted Anaconda is going to digest the merger and be the biggest , fastest, hungriest snake in the jungle! All the fear and desperation related to blocking the a good sign for MTF.

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    • Good Post Imperial, that's a new way of looking at the current situation, the distressed volume would agree with your scenario, the 200DMA is at $8.49, MTF may break this in intraday trading but IMO it will hold, I'm looking at adding some shares in the $8.50 level, I Never Ever like to violate the discipline of NOT averaging Down, right now in my case it would only be a few cents, however, Buying Strong Co's with excellent future potential on Dips is always a wize investment, I like the approach by MTF Mgmt on the UFJ buyout, they are holding UFJ by the heels until March 05 for pricing, a shrewd move. LOL All,