MNE 5.26% 3.6¢ metallum limited

let the share run, page-47

  1. 23,919 Posts.
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    Williak39

    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
 
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