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Wazzbat

327 Posts.

11

10/07/23

19:44

Post #: 68714732
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Originally posted by YMCA: ↑

I managed to get my buy order executed at 24c last week and increased my holding - though when it hit 27c on Thursday I thought 24c was out of my grasp. I was comfortable with my holding already (been in since 2017) but there are too many positives and boxes ticked to not double down IMO and there is a lot of room to move in terms of share price.

I go back to these comments by the largest shareholder:

While long odds bets don’t always pay off – in fact, they often don’t – Tolga told *’s Jack McGinn back in early 2021 he looks to get in early on stocks that have room to move.

“If someone’s putting $20,000 or $30,000 into something and the share price doubles, is that going to make much of a difference to their life? Probably not,” he said at the time.“But if you put $30,000 into something that goes up 50 times, and you have the courage to hold it, then it will change your life.”

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The courage to hold it is by far the biggest challenge IMHO.

MEI Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.9¢		Change -0.001(1.00%)		Mkt cap ! $224.8M

Open	High	Low	Value	Volume
10.0¢	10.5¢	9.9¢	$405.3K	4.055M

Buyers (Bids)

No.	Vol.	Price($)
1	38543	9.9¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	980535	13

View Market Depth

No.	Vol.	Price($)
1	38543	0.099
5	262376	0.098
2	139672	0.097
3	134240	0.096
11	850535	0.095

Price($)	Vol.	No.
0.105	980535	13
0.110	1485220	17
0.115	584224	7
0.120	527913	7
0.125	316370	3

Last trade - 16.10pm 02/09/2024 (20 minute delay)

MEI (ASX) Chart