MYX 3.13% $3.95 mayne pharma group limited

Trumps Drug Policy, page-16

  1. 19,577 Posts.
    lightbulb Created with Sketch. 271
    I didn't expect to see MYX below $1.58, so my opinion counts for little.

    However 4th Nov low of $1.35 may be a possible destination, but based on the shorting activity of late, I thinking the next line in the sand for me, is around $1.15 to $1.20 (Feb 2016 price zone). Hence why I let my stop loss trigger this morning.

    MYX needs some news to break this downward move. Doryx suite of products is not performing as strongly in past, there is price pressure coming in from competitors, so they appear to cutting price to margin their market share.

    Maybe the shorters are using this as their fuel?

    PE of 30 may be unjustified in the eyes of the shorters?
 
watchlist Created with Sketch. Add MYX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.