MST metal storm limited

something is not right here!, page-4

  1. 938 Posts.
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    What goes up quick usually comes down quick unless there is a solid financial reason for it to stay up. Sentiment is not enough even if it is positive compared to what it was before. Signing of the loan agreement means we can (almost) give a sigh of relief that things are going to get better, but they haven't actually got better yet. When the money is in their hot little hands, the sp will be higher. Spikes like today might be good for the traders who know what they are doing, but investors, keep away from that buy button until it has stabilised for a while or just about back to its base low (.03).

    Avg sp was .03367. The ending at .03 was possibly due to traders closing out their positions, but some people are, or someone is still selling large amounts. Could be just profit takers and/or people who've been waiting for volume trading just to get out, or maybe some big moves between larger shareholders? Don't despair, eventually, they'll run out of steam as long as it is truly perceived by the market that the company is clearly on a road to financial recovery. At the moment, the light is on at the end of the tunnel and still quite far away but getting closer.

    If you're in MST, you are probably a risk taker or a dreamer or both. Whichever, hang on 'cos the risk is getting less and the dreams are a little closer to reality even if not quite so fruitful as you might have liked. It will be interesting to see what happens on Monday. Having seen a few things like this before, I think the chances of it opening higher on Monday than todays closing are good - a large proportion of those who are sick of it and want out of MST have probably done so by now. After that it's up and down from the traders with probably a slow increase in average price over time as investors slowly gain a bit of confidence. I doubt if there'll be another big spike until there is another really positive announcement (small spike for money actually in the bank, bigger one for a big sales contract). For me, at .03, it's a buy. Patience required.

 
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