Finally, the buy pipe is starting to get some larger buy orders. This whole Maxitrans doom and gloom institutional investor rhetoric is surely being shot down by what is actually happening at the company. The company will need to provide an update as the rumor mill is reaching fever pitch.
The cycle hit rock bottom about two months ago and the share price reached levels which are unsustainable from a forward looking perspective. The nose dive was long, deep and spiraled out of control.
But this downward trend, which commenced nearly three years ago, is not enduring. This was triggered by a monumental IT stuff up which has now been exhumed.
I am locked in and loaded. Make no mistake those 8.6 cent fully franked 2013 dividends are coming back. I liked em back then and will love em when they return.
Ragingboom says: The Maxitrans Phoenix is regenerating and is about to fly.
MXI Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)