MYX 0.00% $4.48 mayne pharma group limited

Very lucky my orders didn't get hit for the last month, had a...

  1. 3,549 Posts.
    lightbulb Created with Sketch. 413
    Very lucky my orders didn't get hit for the last month, had a lowball order put in at 0.625 but the prices never seemed to get there.

    Today, 0.565 offered an opportunity to purchase at a 10% discount to my lowball offer. I gladly took double what I initially thought I'd put in, locked a good 15000 shares up.

    I think we might still be looking at another fall, but never one to gamble, I thought I'd purchase more rather than less today at such a good price.

    If the trajectory continues, and the specialty brands division continues it's growth rates, specialty brands will soon be the biggest business unit within Mayne. They will then change to a specialty pharma company, and not a generics company. That would be the capitulating point. I suspect many people will start to realize this in about 18 to 24 months time, and by that time it would have been too late.

    I am not a trader but an investor, so my time frame is very different from traders. Good luck to everyone in the markets today, it's a very exciting time.
 
watchlist Created with Sketch. Add MYX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.