I wasn't having a go, just saying there are some very knowledgeable and experienced traders here who probably wouldn't appreciate being labelled gamblers
If anything, I would say the sellers at 3.6/3.7/3.8c are the ill informed and without research
There is a myriad of catalysts, technicals and fundamentals saying this is a buy here - from the upwards trend on the chart, the vwap of 4.1c and the fundamentals
Today to me smells of panic selling, traders caught out at high levels and then likely a bunch of guys who bought sub 3c worried about shaving their profit and panicking to sell and lock it in - happens like clockwork with all these sort of stocks
Easiest thing to do is pick a point and wait for the wash out - I'm waiting for 3.5c or a significant breakout
Never know though, they could be arranging for a low 3's CR in which point once its done it will be up and away as funding issues put to bed
MNE Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held