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If i dont recall it wrong. KCN was the most shorted stocks for a...

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BCJJG

575 Posts.

05/08/14

12:51

Post #: 13771379
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Originally posted by chuk ↑

"well looking at the chart. we should hit 1.27$ (2 year low) soon. Will there be support?"

Personally I wouldn't rely on chart support after that qtrly report.
As things stand, I can't see a good reason for this to trade with a higher mc than PRU or KCN (around $220mill and $200mill). Unfortunately, to reach their mc's, MML would need to fall to around $1.
If was still in, I would have got out as soon as the qtrly was released. That was a fortunate opportunity for those quick to act. If I was still in now, I would get out on any bounce (if I would even wait for a bounce) because even at a similar mc to KCN at a sp of $1 for MML, I would still prefer KCN. Neither making a profit but at least KCN can put Challenger on C&M and Chatree is a profitable operation. Perhaps more importantly their management has credibility and can be believed.
Hopefully POG rises significantly and saves the day or maybe new management can do a far better job, but hope is not a good word in the market.

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If i dont recall it wrong.
KCN was the most shorted stocks for a few weeks late last year..
And they have higher production costs than MML...

MML Price at posting: $1.41 Sentiment: Hold Disclosure: Held
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