IMO MNM's performance on the ASX today was excellent.
Considering most miners went down by more than 10%, MNM did quite brilliant staying above the 8.9c level at close.
I believe that companies which have underperformed previously in booming periods will outperform in the next boom period.
It is MNM which did not outperform prior to this major downturn. So if my theory is correct we shall see MNM be picked up in the next uptrend in the market. This would leave outperformed stocks previous to this downturn remaining where they are and money being transferred to the underperformed companies such as MNM.
Good buying time.
Hope you understand what I am talking about.
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