MAE 0.00% 0.0¢ marion energy limited

another bad day, page-4

  1. 7,809 Posts.
    Terrible shareprice .
    We are all victims here because of one or two distressed sellers . The more they sell the more we hurt and the more additional sellers decide to join the exodus .
    The decline is exaserbated now because of capitulation .

    There is blood on MAE street and it is still flowing .
    2 million shares were bought today from the sellers, but MAE lost 1 fifth of its value still .
    A few more falls like this on shareprice terms will see MAE below 10 cents . We are either near the end of selling or still got a way to go .

    MAE is either a case of a "bet" gone horribly wrong, or a spectacular opportunity created by the pain of a significant seller in extreme distressed circumstances .

    This is my view only, but I suspect that next week will see the current decline reach a bottom as many pained holders capitulate on seeing the shareprice in the teens .








 
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