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4.2¢ magnis energy technologies ltd

So what you are saying is it’s the professionals who are buying....

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wazbee

3,906 Posts.

109

17/07/20

11:34

Post #: 45932562
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Originally posted by mondrian ↑

Well Waz it seems some of the good old boys can't handle the truth so lets try this.
My friend put in 10k when MNS was flying high. Yes they lost 5k. No big deal. But this idea that they could make that up with the current low share price is a tad misleading (imo).
First of all, most of the trades are in the 1-3k range.(imo). Even if the share price triples, hardly a big payout.
Then there is the risk. Catastrophic in my opinion. The company has no income or prospects (imo). And at this low share price it only takes a cent or two to ruin the run. Low price, high sensitivity. Then the time cost. With the SP so volatile, timing is key. Who wants to spend every minute watching MNS flounder around? No Waz. MNS has dropped well below the level where even an amateur investor (with more than a couple of thousand) would consider a punt (imo).

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So what you are saying is it’s the professionals who are buying. Interesting.
Also if your mate is crying over $5k lost and you’re obsessing over Magnis for his loss maybe the stock market is something you should both avoid.

MNS Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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