Many folk know that I and co. trade with 428 / 323 volume parcels, interestingly I saw a buy with the same parcel amount yesterday YET it was not us!! I find this intriguing / confusing.
Anyhow MLS is a ST straight forward technical / fundamental buy - everyone knows what is coming and any trader / fundamentalist realises / knows when the best times to enter such stocks are.
The gaps are certainly difficult to pick on MLS as the major runs are often light years away from the last SP and on huge volumes i.e. after the courts victory! In fact I watch more closely the light traded weeks rather than the huge bursts of excitement.
All I do know is that Vince and co. are extremely excited, of course who would not be with a magnetics result like MLS had - whilst we can beat around the bush forever in a day about the 'time taken' to drill, I truly believe that all the LT faithful (even the once upon a time disgruntled option holders) will be laughing soon enough!!
NL
MLS Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
