As long timers in stock will attest, when the smart money is onto something MAE starts to build momentum and consolidates upwardly.
There has been no smart money in this canine for a good two years now, despite umpteen announcements and capital raisings.
The recent rapid spate of Seinfeld announcements (after a long drought from misleading announcements) have merely enabled a bit of pumping and dumping soon thereafter. No doubt a few punters have made some quick gains...and good on them. The action at least maintains a pulse in the stock that keeps us long term sufferers hoping (and probably in vain) that one day we may be able to recoup some of our substantial losses.
MAE Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
