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Looks like you were right; no major sell off this morning....

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cncventure

818 Posts.

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26/05/17

12:24

Post #: 24929913
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Originally posted by miningnut ↑

Surely the market will not re-act further in relation to this 'news'.
I posted on this Martial Law matter on 24Mar at 6:40am so the market has had two full trading days to re-act. I know the market is crazy but surely this 'news' is already fully priced-in.
It's interesting to note that the share price was trading steady until 3:30pm on 24Mar and then RED made their announcement and we were subsequently hit with a massive dump of over 500k within minutes. It turns out that this was shorters re-acting to the news - 560k shorted.

http://www.shortman.com.au/stock?q=mml

Now there would be over 2mil shorted although there might have been some covering yesterday.

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Looks like you were right; no major sell off this morning.

Support seems to turn up for MML in the low 30s.

And it's on decent volume as it looks like its going to end up being one of the top 5 trading volume weeks for MML in the last 12 months.

MML Price at posting: 30.8¢ Sentiment: Buy Disclosure: Held
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