Good to hear footy, we need about 5000 more like you to get going!
I thought along the same lines when it dipped under 50c's about six months ago..it subsequently dipped lower for months and then ran to 65 recently..Did I take profits? Sadly didn't..idiot in hindsight.
What is weird is how fast it has plummeted to here..Not being helped by the index delisting me thinks..but equally all is not right on some level. I was warned and while I still think the assets are worth more than we are trading at, it is as though the last of the local funds are getting out and someone is capitalizing on that,eg someone keeps moving the 200 000k of stock down as it moves lower and lower.
On the plus side someone is absorbing these volumes in reasonable increments..and what did that bloke say- short term market is a voting machine, long term market is a weighing machine (yes i know looking back long term the scales are tilting all the wrong way!) I'll be listening to the AGM webcast with great interest. WIsh I could have fronted but not able to get to melbourne tmw. I hope they stay online for the questions..Buddy are you going? If so please announce your HC handle if you don't mind- I would like to know when you are giving them a peice of your mind!! That should be colourfull.
MPO Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
