MYX mayne pharma group limited

0.20%

$5.08

Is MYX a bargain, page-1650

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26/06/20

10:48

Post #: 45466347
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Originally posted by Biggsy 07 ↑

Gees Pat I thought you’d got that wrong
as I checked Shortman earlier today but
you are totally right. That was 26 000 000
shorts taken out last Friday amazingly big
drop. Must have happened in the 4.10 pm
massive trading turnover. Tell you what,
that was a very easy escape for them so
wonder how many more slipped out the
door Mon, Tues, Wed....? Got out under
40 cents I gather. This will now be very
interesting to see what recommendations
brokers place on this company once they’ve
finished deserting the shorts ship. Big
profits made on the shorts for sure.
Will they now get in to accumulation
mode, go long and then start spruiking
the potential of Myx only after they’ve got
their portfolio set?
After a dismal day today I’m now far less
disappointed about buying in and doubling
up yesterday.
I may be wrong but I wonder whether
Friday was the turning of the tide in
earnest? That allows about 2 months
before the August 21 results to accumulate
by stealth...which could potentially be
achieved at a cheap price as worldwide
stockmarket turmoil provides a great
opportunity for those able to see value.
Unfortunately retails have to purchase
blindly and take a calculated risk due to
lack of genuine info from Myx, whereas
brokers will manage to access info that
none of the retail punters can. Any
uptick in earnings will reset the valuation.
I’d be happy with a 75cent share price
by August but it’s just a guessing game.
Think I’ll hold now and see what happens.
Friday may in hindsight prove to be the
turning point or alternatively just an
opportunity for shorts to cover and bag a
profit. Time will tell.

Expand

Shorts are in the
process of reversing their positions to
long.
Holders and scared cats ,June etc etc gave them easy escape.
in 3 years time.
2 billion rev.
30% net
40 eps.
U can work out the stock price by applying different PE ratios.

MYX Price at posting: 38.3¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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(20min delay)
Last $5.08		Change 0.010(0.20%)		Mkt cap ! $412.7M

Open	High	Low	Value	Volume
$5.13	$5.15	$5.08	$445.2K	87.01K

Buyers (Bids)

No.	Vol.	Price($)
1	810	$5.08

Sellers (Offers)

Price($)	Vol.	No.
$5.15	2033	2

View Market Depth

No.	Vol.	Price($)
1	810	5.080
2	3150	5.040
1	600	5.030
3	3000	5.000
1	10000	4.980

Price($)	Vol.	No.
5.150	2033	2
5.180	2396	2
5.190	5000	1
5.200	157	1
5.210	5000	1

Last trade - 16.10pm 27/06/2025 (20 minute delay)

MYX (ASX) Chart

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