no major has bailed....they often get it wrong as is the case here .
Why have Mits and MMx insisted on BFS....Well thus far there is no BFS...no no one has stepped upto the plate to sign on as yet.
why didn't PK sell his stock....that's easy...he believed his own BS and look what has happened.
all the broking houses have reduced their target and the exposure to their clients ...until we get some clarity.
GM came on board and is playing with a very weak hand, even with PK and TM still on board...it sends a sitting on the fence signal...not a line in the sand signal...the Chinese ""don't like"" as pauline hanson would say.
GM has appointed the advisors to bail out the board when the ""sheet hits the fan "" and reality is communicated. Independent advice is that we are F@%^ED
its not a distressed sale until its sold....right now...mmx are on the canvas,dazed,confused and not even aware they are in the ring, the man calling the fight seems to have a squint in his eye and though many at mmx can't hear it the count is at 8.....and if he gets up well it will be a miracle or a fire sale.
this is now a total traders stock, so as others have suggested,its black or red, same as the casino, the odds at this point are against you, and if you are in, keep your eyes on the screen, its not a stock you can take your eyes off.
Good luck Matt and everyone else, we are ALL in the same game here....how can WE make a $$$.
MMX Price at posting:
69.0¢ Sentiment: Sell Disclosure: Not Held
