Well from what i read, the initial sell was instigated by BCC with their own brokers and their own instos MTC became aware and said "hey we have some instos that may be interested here are their number... have fun"
I look at this and go, its basically similar to what NVA did with her ex director an off market transfer the price at the time was 5.7c/5.8c and the trade went through at 5c. What they choose to do with their new shares is up to them. I see the price fluctuation and think, 15c - 29c is a big run! A pull back is always necessary. Today pull back was on 1.5m volume... not a huge amount- probably a large percentage of profit takers. If it drops any further then i'm sure there are many on the sidelines waiting for an entry 19c-22c seems pretty good.
I always ask my self, has anything changed in the last few weeks that warrants me to exit... the answer is no. So i hold until the answer changes to yes.
MTC Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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