Why is ODY suffering less than Mae with its shareprice? Vulnerability.
My only solid answer that MAE is listed on the ASX300. Look at the higher average volume of late.
With most banks who offer margin loans to the public, they offer a list of ASX300 stocks (for eg) that can be utilised - they do not allow the public the flippant liberty of investing in any old share of choice. This supposedly hedges the institutions exposure to our investment decisions. - they offer money to us while only allowing us to invest in their criteria based superficially "safer", more blue-chippier shares. And so they should. Only companies like MAE deserve that exclusive ASX300 institutional respect. You have to be a fairly sure-fire company to make the list and are booted off for not performing - which in effect relegates you to a riskier paradigm (usually including less daily volume/turnover).
So in all practicality, MAEs shareprice is target to margin call policies. Hence MAE is recently experiencing higher than yrly avge daily volume and a greater chance of realising lower prices just as the calls are being triggered.
Nothing to be concerned about. We are simply waiting on some news and the overall markets have dragged shares down accross the board. We were merely lucky to have avoided losses on two ocasions last week when the rest of the market sank. We are just catching up and now todays acumulation levels have probably given the share the momentum it needed to payttern a trading range of between 1.05ish and 1.15ish cents (which i feel we will sit in until the next announcement).
MAE Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
