This has moved 40 percent down now on speculation of something very seriously wrong at nifty. All the price targets and estimations of share price in this forum are being predicated on this, a speculative move, that is no doubt to some extent manipulated. I would guess that now that if the news is bad it will mean c&m and that will see a big spike. Or, it may just not be that bad, but the result of new board directors pulling their weight for a review that they wanted previously.
watch out for the FOMO rally when it turns, because I agree with some others that this is being set up. I think the risk-reward trade-off long and short term right now is compelling because this should be the catalyst for taking nifty uncertainty out of the picture for a while.
MLX Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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