Recently sold out of MNS. Purely hoping to catch a pull back. It started actually from all the comments about the arbitrage on the options. It seemed bizarre someone would be selling 2 cent cheaper. Then the massive volume went through in the afternoon on the options. I then focused on the heads and they had a dump as well pushing them below 50 cents. The closed at 50 and have closed at 50 again today. Potentially 6 million shares sold off. Only way price can go if major buyers are exiting or taking a breather is to head south.
The shares were in a limbo state where sellers were starting to take control, this was enough for me to realise profits and hope for a pull back and a chance to re enter at a lower price.
I must stress as with all shares this can still go either way, but Im confident if 50 breaks I'll get a chance to re enter lower. If it breaks away and buyers start to dominate in my opinion I'll be happy to re enter higher.
Hourly chart
Daily
Again fellas, Im just looking to take advantage of a possible breather. Could be wrong, but just my opinion to have a win. Time will tell.
Just charts......please.
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