Haven't read the yr end yet as don't yet hold MTU. But did the SP open at 9.70 and then collapse to 8.76 before flying back up to 9.77? That's an incredible swing. I wonder if sellers read the yr end before pushing button? Clearly the mkt thinks result is ok as SP now 9.80 down 1.4% about half that of overall kts. I suspect the sudden collapse was due to masses of stop losses triggering on leveraged cfd positions. Very dangerous to leverage when everything uncertain.
Anyone buy in at say below 9.00.?
MTU Price at posting:
$9.84 Sentiment: None Disclosure: Not Held
