fitsch...
I suggest you look up the word "dweeb"...then while you are at it, look up "sub prime" and "credit sqeeze"...oh and try to squeeze on "insitutional churn".
Study NDO, it's move from 1.4c to highs of 32...then falls back to 15c before climbing back to new highs. Not only is the story similar, but the trading numbers are remarkably similar.
I posted my thoughts on the changing dynamics at play with both MPO and SXP...neither of which are finished with by the way, just adjusting to a more expensive credit market and obvious influence on low margin plays such as CBM.
Given your interest for MPO...you knew that right?
Debt intensive plays like MPO, SXP, CXY...in fact most start-up CBM...require significant up-front capital, on which they make realtively slow returns. They need scale to achieve finacial critical mass and this costs money.
If you do not understand this equation, you should never have bought MPO...and by the way, which part of "long term, minumum 12 months investment" did you not understand?
Hey...why don't you ask the sophisticates who bought at 25c what their thoughts on MPO are...chances are they are the very same ones "working" the stock to get the dweebs out.
Same thing happened in NDO.
Respectfully, I suggest you re-read the MPO threads...in their entirety...then see where you may have gone wrong in your perceptions.
MPO is an excellent investment still by the way...great mangement, fantastic assets, right sector...but the transitional play which saw the stock rise from 5c has been replaced with a far more cautious, sub-prime impacted, long-term, sophisticated investor driven, "project development" play.
By memory, I think I suggested that if all goes to plan the stock would follow the AOE path...this would see the stock eventually trading near 84c+ and likely take some 2 years.
My views have not changed, although the opening of doors to the funds and insto's may well put a big dampener on the trading activity in the interim.
But you knew all that right?
Cheers!
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