Reversal of fortunes, page-145

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Ranghora

746 Posts.

05/08/14

14:53

Post #: 13772335
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Originally posted by tomboy ↑

This is dropping fast now, hitting 9.3c low volume, low bids are being taken lower and lower, it was resisting at 15c and then when that broke straight below 10c. Now the question is where will it bottom out , i saw the talk about 1c, 3c-8c, 5c from various posters. Time will tell soon enough.

I dont agree it will go under, not with lots of cash in the bank and even if they burn that cash like they are they have 18 months before the next crisis of cash. With no debt other than CNotes which are bonds converted to shares and not due for some time, MBN has a chance to bottom out and start the upswing again. Shareholders like me got burnt with 2% back so i dont care if it goes to 1c frankly but i will buy if it bottoms out at 1c-5c. With these poor results and poor information announced as discussed on here, the downside is still on. Need to see bottoming out pattern, high volume, crack down and stable floor pattern for 2 weeks with buyers coming back in.

Until then its dangerous to catch the falling knife.

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Sure is dangerous to try and catch a falling knife.

The blood bath is not over yet, although it is crashing quicker than I expected.

I know this co. very well and it is a question of Fundamentals. At the moment MBN is a shadow of its former self.

SP will get to between 3-5 cents by Friday!

No point in trying to catch a falling knife!

Naturally all IMHO! DYOR!

MBN Price at posting: 9.6¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Reversal of fortunes, page-145

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