MYX 1.00% $3.95 mayne pharma group limited

Ann: S&P DJI Announces June 2020 Quarterly Rebalance, page-71

  1. 1,125 Posts.
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    I think when they jump they will jump hard but
    question is when....if we’re talking drug approvals
    that is. That’s anyone’s guess. If you look at
    jamarco’s posts he/she made an estimate re
    likely time frame for Myring approval.
    E4-who knows....
    Myx is clearly heading down ATM.
    200,50,20 MA all heading lower currently.
    Tax loss selling won’t stop until the 30th so I
    guess Myx will stay weak for the next 1.5 weeks
    and may keep going downwards until then in the absence
    of any good news. 40 000 000 shorts have gone since
    mid March, slight uptick from the 11th of June and
    they will probably keep trying to force the price down
    and then the tax loss selling stops and the reset begins,
    we hope. No news from Myx assists the shorts forcing
    the tax loss sellers out the door until Tuesday 30th June.
    Doubt we’ll see much positivity until the new financial year
    given there are infrequent updates from these guys which
    helps buyers if they’re patiently waiting to pick up a possible bargain.
    If you have good news you get it out to the market in a timely
    fashion so investors can make informed decisions so I’m not
    expecting any huge rebound in profits on August 21 but I’ll be
    more than happy to be proven wrong about that, cheers
 
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