Again I emphasise our share register seems to be made up of a bunch of dumb money who have handed their shares to smart money. For every seller their is a buyer. But dumb money hands this to smart money at prices below fair value, that's a fact, hence the dumb money status.
I don't care if shareholders were selling shares at range within the IE valuation, what I don't agree with is the exchanging of shares below.
The IE valuation suggests that this should be trading hands no less than possibly mid $6ish and we have professional instos and retail handing over shares for well below this conservative value.
Who is the next dumb money to pull the sell trigger on Monday open trade????
MYX Price at posting:
$5.20 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)