OK... Day#1 of the run yesterday with 200m volume across two exchanges and the sp getting out of the psychological barrier of 2c and hitting 2.8c and closing 2.2c from a low of 0.9c just a couple of weeks ago... SIGNIFICANT MOVEMENT by any calculation...
NOW look at why I have been saying that it could be a big buyer / group of buyers - (please hear me out - I could be wrong but please look at my logic)...
pick any recent runner on ASX in the last 4-6 weeks where the sp has gone from X to 2X or 3X (AUZ/KAI/QBL/ AVZ etc etc etc - loads of them) and see the chatter on HC - thousands upon thousands of posts there to show the emotive response of the buyer/seller - in some cases at the rate of a post/second ... that is what we small investors do nowadays - BUY / SELL and post why we did that... if we are right in either direction, we post again to tell how right we were... and so on and on and on... you get the point, right?
NOW look at MZN run yesterday and the volume of 200m and the number of posts here - hardly a few dozens at the most... no rah rah rah of getting in at 2.1c lows of the days and selling at 2.8c at the top in 5 minutes or again picking the lows of 2.2c at the end... no, none of such posts... small punters like me would do so - we did it in AUZ/KAI/QBL/AVZ for every trade we had... so why are we not doing it here???? some would say because MZN has a murky past... I say, if MZN has a murky past, wouldn't it stop the buyers from buying in the first place??? why would it stop them from posting??? they are not posting here because they are NOT YOUR REGULAR HC POSTING CROWD imo...
comments on this logic please.... am I off the mark? or am I on to something here????
MZN Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
