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 .
MAE Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held