Motivated sellers who took profit high 8c and in 9c, and then you have a combo of traders over the last couple days that are selling out / slowly hitting stop losses. A lot of spec folks don't have patience or they jump from stock to stock, robbing peter to pay Paul. On days with little news or lack of attention (Melbourne pretty much just all relaxing right now before Tuesday)...the action is dictated by sellers moving orders down the line.
Hold tight and think long term and likely will be rewarded more than the hopscotchers
Nothing has changed in the good story that is MEI
MEI Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
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