MGT 2.63% 18.5¢ magnetite mines limited.

Ann: Consolidation/Split - MGT, page-124

  1. 1,616 Posts.
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    Not sure how the mgmt is helping the long term traders today.

    At the moment it is the day traders who are making a killing and the long term holders are the ones that are hurting. Day traders thrive on volatility:

    1. SP opened at 0.700
    2. Peaked at 0.710
    3. hit a low at 0.550
    4. leveled again at 0.700
    5. and finally closed at 0.670

    Between Step 3 & 4 there was around 21% to be made.
 
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