1MC 3.33% 2.9¢ morella corporation limited

AJM Chart, page-1134

  1. 4,198 Posts.
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    The last SPP only went to Canaccord and Bizzell ... and it was done at 20c (which was at a premium to the share price on the day!)

    Everyone knows what happens after that, the share price slid to below the teens.

    I imagine both sophs had to offload at certain levels, which gave retail a chance to grab every last share.

    Now sophs (probably including mcq) are having to wipe lines at 24c, 25c and 26c.

    Retail ain't giving it up, there's no volume above.

    Only a few weeks ago when 20c was being breached, anything under would be cheap.

    Now I'm convinced, at 27c, anything under 20c would be top-up time.
    Last edited by futurenow: 02/10/17
 
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