To answer your question regarding where we think VMM will be come January i honestly believe that we will follow a similar trajectory to MEI.
We have already have been tracking on the same path as MEI to date.
Yes ofcourse there is going to be selling / profit taking / consildation along the way. This is no different to any other stock on the stock market. No one here is saying it's going to be green every single day for the next period of time.
However using MEIs chart as a gauge this is the pathway I believe VMM will follow.
See below for reference. Note* the consolidation and selling along the way with MEI, however it still maintained a steady trajectory upwards and held nicely.
For me you can't ask for anything more in a stock as overall the end result is to make money not look at the daily price shifts. It's the overall duration invested that counts.
i had held MEI previously as well from 8c and there had been many a time when people like yourself would come into the forums and put the fear of god in everyone. Im glad i didnt sell then as i would have lost alot of money.
And i'm definatley looking to hold as i did with MEI with this one also.
See below MEI chart with note particular attention to the buying and selling along the overall duration. It was not just a vertical green candle. Was a lot of buying and also alot of selling along the way but this is exactly want you want in a stock. Investors taking profits along the way with new investors coming in to buy up the shares being sold. And rinse and repeat whilst continuing to move upwards.
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Last
59.5¢ |
Change
-0.005(0.83%) |
Mkt cap ! $38.65M |
Open | High | Low | Value | Volume |
60.0¢ | 65.0¢ | 59.5¢ | $102.1K | 169.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4300 | 59.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
60.0¢ | 22131 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 4300 | 0.590 |
4 | 8870 | 0.585 |
2 | 4300 | 0.580 |
2 | 53300 | 0.575 |
1 | 3300 | 0.570 |
Price($) | Vol. | No. |
---|---|---|
0.600 | 22131 | 3 |
0.605 | 2200 | 1 |
0.610 | 24900 | 3 |
0.615 | 1557 | 2 |
0.625 | 674 | 1 |
Last trade - 15.07pm 09/08/2024 (20 minute delay) ? |
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