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yes, I am new to investing. Decided to put in some money into...

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taurean24

64 Posts.

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24/01/22

14:19

Post #: 59090935
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Originally posted by Superheat: ↑

You must be a new investor who did not go through the GFC. This is not yet even a technical correction let alone a selloff. Expect that sometime in the next 18 months, no one can predict the timing. In a market selloff this could get beaten up very badly. In addition, Tech in general is on the nose so MYD is not alone.

The way I see it, there are some positives. Business is growing. They have adequate cash so a cap raise not needed for a while. Management has a lot of skin in the game and will push this in the right direction. Due to the large promoter holdings and low% in the market, skittish investors possibly create an exaggerated effect on the price. However, any change in profitability and this could jump rather sharply.

I guess longer term investors like me will just have to accept the short term pain.

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yes, I am new to investing. Decided to put in some money into some stock last year, better than it sitting in the bank (at that stage). I am also Mydeal customer, so I believe in the business.

MYD Price at posting: 62.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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