1MC 20.0% 0.3¢ morella corporation limited

Ann: Exploration Update, page-43

  1. 3,549 Posts.
    lightbulb Created with Sketch. 771
    Hey Skalo

    Avg down...yes good idea u think???

    Lots of us have been topping up or avg down since decline ...I brought some at 17 c and most of my buy is 42c. With the size of my 42 c lot I cam never avg down enough....

    I even sold my SPP for 14.5 c as the chart didnt look that great then...

    Now you need money to avg down and my take it this stock has shown no consolidation , hence can go further south.

    One share was sold couple of days ago and I suggested that its going down as this has been the trading pattern for a while. Even today morning one share was sold and then comes the dump...

    Dont think its great idea to avg down yet. Let it consolidate, wait for some positive moves on SP and then decide unless you dont care about your money....

    Good luck and all IMO

    Pls DYOR
    Arjay
 
watchlist Created with Sketch. Add 1MC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.