I had a friend text me today to ask if I was going to take some profit today. I replied not a chance. Too many reasons to hold.
I called him and listed off some of the reasons that came to mind.
Skyrocketing fertiliser prices, Argonaut selling too small now to matter anymore, Argonaut site visit happening now with a client note to follow, DFS coming up, Green ammonia news coming up, news on new blend tests probably not too far off. DFS potential to trigger significant insto buying. Price just breaking out to a new closing high for this calendar year if it closes at 17c. If that doesn't happen today, I expect it will do it tomorrow on this momentum. He said he will hold off until he has doubled his money. To me that isn't a good reason to sell. The stock won't stop when he doubles his money. i told him I thought that wasn't a good way to pick a point to take part profits but everyone does things their own way.
Then I looked at the two year chart again and remembered where the current trend is pointing. Somewhere near 30c in the next few months. Fundamentals are pointing much higher than that and that will be highlighted in the DFS.
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Last
4.3¢ |
Change
-0.003(6.52%) |
Mkt cap ! $37.78M |
Open | High | Low | Value | Volume |
4.7¢ | 4.7¢ | 4.2¢ | $68.99K | 1.545M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 67894 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 190433 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 67894 | 0.043 |
1 | 100000 | 0.042 |
5 | 677197 | 0.041 |
6 | 516000 | 0.040 |
1 | 12820 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 190433 | 2 |
0.046 | 15000 | 1 |
0.047 | 122499 | 2 |
0.048 | 45000 | 1 |
0.049 | 3365 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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MNB (ASX) Chart |