MSV 1.33% 38.0¢ mitchell services limited

Ann: Quarterly Investor Update, page-28

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  1. 295 Posts.
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    Good points. You are right in 2020 they released the quarterly on the 28 01 - so maybe within the next 2 weeks.

    I use to work as broker what I found is sophisticated investors would take stock at 42 cents because the share price is 46 cents.

    They are more likely to buy stock at 50 cents - but when the price goes to 38 cents they panic, don't understand the story and don't want to lose anymore. So they sell and move onto the next fast moving stock.

    The seller almost looks to me like they may be a buyer the way they are putting stock up on the screen but the buying is generally coming from off screen. Especially, I would be surprised if the seller at 40 cents is not buying stock.

    Let's hope this stock delivers, the obvious risk with this stock is it is a liquidity trap, so for me only for investors definitely not a stock to try and trade with any decent volume
 
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