MNB 6.52% 4.3¢ minbos resources limited

Ann: Options Prospectus, page-15

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  1. 2,877 Posts.
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    Unfortunately as retail buyers we are subject to the whims of market makers, sophs and instos, they use programs and algorithms to detect strengths and weaknesses in a share price and will push it where ever they feel it needs to go in order to make profit or accumulate. As you may have guessed hotcopper is full of them now so you need to read between the lines quite a bit. Psychology plays a big part especially targeted at retail.

    Ive bought a few on the way down as well, bottom may come in at around 7 cents, just a guess, it may go further but I don’t think so. It is oversold now.

    Long term (12-24 months) entry point now will matter very little, the market cap won’t be 33m when mining and producing revenue, that is just ludicrous, short term traders trading pips or pumps will shove it around until it is further advanced.
 
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