Agree Phil, this one is not a momentum play like VIL ATM, it's currently "smell strong smoke signal, get set early & wait for news play" lol. It will turn to a momentum play eventually after the price surge (hopefully) & the news, but at this stage someone has a reason to not let this run. im happy to wait it out lol.
The good thing with a "smell accumulation, get set & wait play" is u can accumulate a big position & hence making huge profits in absolute terms coz im very confident of committing big capital. As we'r accumulating alongside the pros, the price we buy at is usually towards the low end of price range, giving huge upside potential. I dare say by the time more people on HC get to know about MMZ, we'r already free-carried lol & we can just sit there & laugh at all the hype.
With a momentum play like VIL (which iv been trading for the last couple of days), I made some good % gains, but as the risk increases, I only committed some amt of trading capital, hence not much in absolute dollar terms.
I prefer the 1st way big time! Got into a few specs at very early stages, PRRO, ALY(O) & VIL(O) & I made 10 times more profit than trading here & there. Maybe it's just me sucking as a DTer lol. Anyway, news should be soon now (by the end of this week by the looks?). Depending on what it is, maybe there's no excuse for this accumulator to kill off our momentum anymore.
GL all JL
MMZ Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
