MNZ 0.00% $1.13 mnemon limited

banana time, page-19

  1. 22,697 Posts.
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    jhu


    the trend is your friend



    specs don't have fundamentals they have stories, most of the time fairy stories that don't eventuate


    BUT a spec with a big POSSIBLE story, a hot sector, tiny cap, tight register, big shareholders with connections in a powerful uptrend IS ONE TO WATCH



    There are lots of free lunches


    If the directors truly thought the shares were worth 0.6 c then there would have been a shed load of selling on Friday and it would have gone down




    If Packer did pay 10 m for 30 % in 2011, that means DD was worth 33 m then. Given the state of the market lets say its worth 50 million now


    Whats the reverse takeover/ backdoor shell worth ? who knows, I wont be sticking around to find out. The journey is usually better than the destination


    So far the journey is sitting in a Ferrari

 
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