Ann: Change in substantial holding from NAB, page-2

  1. 19,471 Posts.
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    Two substantial holders baling out simultaneously is a sign of what's in store for long term investors in MRM.
    With 10% dividend that can only mean dividends are expected to dry up completely and the retail mugs dont know yet.
    This company is the absolute dog of the market right now an fails to respond to what the market at large is doing. In a few years time this company is likely to be a shadow of it's former self as it lacks support from the major funds.

    At this stage it looks like a couple of tens of million shares need to be cleared so until those big crossings come it is only going to keep going downhill with the help of the shorts. Interesting to see NAB actively shorting and destroying the market cap here. They made a motza hammering the Iron sector with shorts and it looks like the strategy is expanding market wide.

    When those big crossings come the algos will run a pump and dump, but I regard it as a sell sell sell on the inevitable pump. MRM is sinking. Man the lifeboats!
 
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