"The TA will reflect what's going on in the market"
couldn't agree more Pommy and nearly posted on the same myself last night. the ops conversion has been ongoing for a bit now and was always going to spoil the party in the short term. Don't forget also since the beginning of June we have had uncertainty in the world markets. Last week we seemed to take a break from that uncertainty but it was back with a vengeance on Friday night. Some here say that the DOW shouldn't upset MPO. I disagree. Maybe MPO will be out of sync with the DOW in day to day flucuations but I think any more major action in the DOW will bring a reaction to MPO (and our market generally). Remember the March correction?
MPO has had a smooth ride since the March correction but so has the DOW. If you look at the chart the DOW is due for some sort of breather. If we are REAL lucky we may just get a few more weeks of this volatility. Otherwise we may even have a correction that will wreck our fun for weeks to come. But very unlikely months or years.
I say just bunker down and hold.
- Forums
- ASX - By Stock
- MPO
- nice finish
nice finish, page-13
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MPO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online