MCP responded to an ASX enquiry about their share price decline and has confirmed their previous performance guidance of around -15%.
This basically confirms my view that PPT has decided to quit their holding.
My observations of PPT over the past several years is that for any stock they want to exit/reduce they issue a sell order to their broker "at best". (after all it's not their money!!)
The trick is not to be swayed by their fire-sale selling, but more importantly just sit on the bid - their broker will give you a gift eventually.
Sad fact it that the PPT operating style is so obvious it is criminal (if you have funds with them).
MCP Price at posting:
28.3¢ Sentiment: LT Buy Disclosure: Not 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)