The fact is, no one on this platform - literally no one - knows why it's moving the way it is. You can blame the shorters (yaaaaaawn!!)... GG... SI, Trump, the exorbitantly priced Ryoncil, or a whole litany of straw clutching reasons. But we are guessing. And no doubt (I know I am!) going mad in the process.
As some semblance of objectivity, i'll point you to Pro Medicus Limited (PME) which hit the ASX200 August 1, 2019 @ $32.50 and within 11 days it was trading at $25.60. That sh!ts on the move we are seeing (at least for now... eeek!). PME is now trading $259 off an ATH of $300 in the space of 5 years.
Now, I know it's not exactly apples and apples but just shows you—it ain't all rockets from the off on ASX200 addition. Nothing goes up in a straight line as we all know. But we will get there I have no doubt.
MSB Price at posting:
$2.10 Sentiment: Buy Disclosure: Held
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