This little zig zagging sp action is sucking out daytraders at most likely small losses. This is a good thing for those of us that can hold a share for longer than a few hours/days. Accumulation and positioning is taking place.
As the great Jessie Livermore said " it is true you can't go broke making a profit but you also will not become rich " I hold to become rich !
Eventually volume will dry up and a positive announcement (I hope) could result in some explosive action.
I agree with Kelbys summation that it all points to tomorrow for some sort of update with Zeffron Reeves back in the country. Since he has come on board he has been very shareholder friendly and is building his own stake in the game with on market share purchases and option hurdles which are higher than the current sp.
- Forums
- ASX - By Stock
- MNE
- .30 cent target
.30 cent target, page-76
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)