Well well I dont know about you but I also think theres more downgrades to come.
The corporate world moves in a slow pace and then problem faced by mbe in australia dcb is no small matter..it hit bottom line real hard and expecting a wuick turnaround in another 6 months is unrealistic.
But once a solution is inplemented, share price will tend to follow.
6.8c is not the end yet...lower price is entirely possible especially when the general market drops....
If you have ammo better save it....all those being confident at 20c, 13c, 8c etc were gambling or just didnt focus enough on the business..
Talk like "it's oversold" is absolutely rubbish..these are small time chartisr who dont understand the economics of mbe at all...they just think things that go down will eventually go up...it's true only if the business performs.
Dyor.
MBE Price at posting:
6.8¢ Sentiment: Sell Disclosure: Not Held
