The correction we were expecting in the Stock Market is postponed for now – The Metlen share is worth buying at 40 euros

We will focus on two issues of Stock Market interest.
The correction we were expecting in the Stock Market is postponed for now.
The Metlen share is worth buying at 40 euros.

The major correction in the Stock Market will not come yet

We are expecting a major correction in the Stock Markets, which are in an excessive bubble.
As in the Greek Stock Market, we had timely diagnosed that it would stall at 2,050 points.
The recent small-scale correction of the Stock Market is more the result of outflows from emerging market funds, since the entry of the Greek Stock Market into mature markets is being planned, and less from international factors…
The Greek Stock Market reached 1,987 points and still does not inspire concern…
The market is in a clearly transitional phase, where the emerging investors are leaving and the mature ones are arriving…
However, the major correction of over 20%—whatever happens—will inevitably occur, but not yet.

The Metlen share is worth buying at 40 euros

The scenario we had developed, that in the 38.2-euro to 40-euro zone the Metlen share is worth buying, will be fully justified.
The Metlen share fell from 55 euros to 42.56 euros—42.50 euros being the support level—as a result of short positions such as Marshall and Millennium, concerns that there are skeletons in the balance sheet, which obviously is not the case, and of course rumors that Mytilineos may resign from management, something that is unfounded.
In the worst-case scenario for the Metlen share, the price is 38.2 euros, which is an aggressive buying price, while in the 40-euro zone it is a buying price.
We must pay attention to when Marshall and Millennium will reduce their positions.

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