drillfix, i think you need to look at PNA when it was churning at 0.30, it churned at that level for 12 months yet in the past 6 months it's tripled in price.
AVO churned between 1.20 and 1.40 for 12 months yet since Aug it's doubled.
SBM churned between 0.50 and 0.55 for 12 months yet its recently hit 0.67.
CTO doing the same at 0.40.
I got no idea why this happens, but the fundamentals will ultimately win out.
But it is frustrating to be on a stock that goes nowhere, whilst others move 5 or 6% in one day.
No matter how i cut it MON has fantastic upside if it delivers.
Money flow has below zero for three and half months out of the past 4 months. Looks to me like those who got their hands on 0.26 placement are churning this as they are in the money and will eventually sell and re-buy back at 0.25/0.26.
I will add at below 0.26.
- Forums
- ASX - By Stock
- MON
- hang in there
hang in there, page-8
-
- There are more pages in this discussion • 2 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 MON (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