MPO could have done anything today...
And it did!
But what did it do I hear you cry?
It locked in the recent rise I respond (indignantly)...look at the volumes, some 125m have traded over 10.5c in the last 2 days...and absolutely no sign what-so-ever of a blow-off top.
Most stocks fail at their first attempt of 10c, especial when they run from a low starting base as MPO did...the ones that do not however are typically experiencing genuine and sustain buying interest.
I suggest also that we did not see 70m shares change hands today...more like just 25-30m...with the rest no more than facilitated churn.
I expect MPO to be hitting new highs next week, after which a period of gradually changing trading patterns are likely to ensue.
I am almost inclined to turn my computer off, go on holidays for 6 months, come back, turn it on, check my portfolio balance...and then contemplate how I might spend my time in early retirement.
lol...probably sitting here trading shares?
Geez I love my job!
Cheers!
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churn churn churn...
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