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MBE Oversold, page-492

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Kepo

1,459 Posts.

42

21/02/17

11:37

Post #: 22774784
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Originally posted by Oscar09 ↑

No magic mate but we as investors must try to read the play.
To me, it is clear that the following has happened:

Mbe is well oversold as often happens after downgrades.
The percentage of the downgrade is small compared to the actual % price drop which is much larger.
The volume is being controlled to encourage sellers at this level.
Bots are in use to tick price down as soon as it ticks up.
I believe this is being accumulated by several funds as a longer term investment.
I feel the worst case scenario is built into this current price, therefore I see upside large downside low.
It is now clear thanks to Burnett that results will be available this week.

Good luck to holders and those waiting to jump in with favourable results.

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Anytime anyone says a comment about a stock being oversold or overbought, you can just ignore him/her completely...

That condition only happens for chartist and no business valuation will progress according some chart telling...

Says to me you're clueless and be better off not contributing more to this discussion.

Dyor.

Last edited by Kepo: 21/02/17

MBE Price at posting: 6.6¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

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