AEV 0.00% 1.3¢ avenira limited

NickOn your comments about 40% rise in a week. I bought MAKO...

  1. 959 Posts.
    Nick

    On your comments about 40% rise in a week. I bought MAKO over a period when they rose more than 80% in a week back in February (the heads I think would have risen about 60%). The prices I paid were from 59.5 cents to 99.8 cents in that week. Now look where it is less than 3 months later. Obviously that doesn't mean it will continue its run (for what its worth if I was looking at investing, I wouldn't be buying MAK at these prices without further positive news or advances in the status of one of their projects - that's based on my own perception of the risk/benefit analysis - but nor am I selling at this price).

    It could pull back (and I wouldn't be surprised if it does), but it could also keep rising and there's always the possiblity that in waiting for a pullback an unexpected positive announcement could throw a spanner in the works (although don't think there's anything that is due in the near future).
 
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