I'm still still picking my jaw up off the floor.
How does a company of that size drop 10% in a day? MND is a serious company, not some 2c exploration specki.
I could accept the 40% drop this year, as the end of the mining boom is priced in. Unpleasant as it is, it is not unreasonable.
But on top of that 10% in a day?
I'm starting to wonder why even bother reading 2014 AGM Outlook dated 20Nov14 (10 days ago) and the so called "analysts" forward estimates. There is no point, it's all a fiction.
So what is it exactly, that the people who are selling know that the rest of us don't?
a great stock, page-110
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Last
$12.00 |
Change
-0.330(2.68%) |
Mkt cap ! $1.173B | |||
| Open | High | Low | Value | Volume |
| $12.00 | $12.18 | $11.83 | $7.808M | 650.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1315 | $11.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.05 | 263 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| MND (ASX) Chart |