bought MMX at 1.15 in march. rode it down to 0.96, back up to 1.22, down to 0.99, back to 1.15 and down to 0.86.
was i brave? No! i was stupid. that is not how the money is made (or lost in this occasion).
i'm not selling yet in current market. i don't think the market will go down a lot lower from here.
i don't think BFS will be very positive in terms of costs. the financing outcome will be the strongest drive either way for the sp of MMX. this is a few months away.
BFS may reduce my paper loss. i'm not expecting more from it. based on my observation there are always some people know ahead of the mass. the falling sp towards the BFS release date only tells me one thing: the BFS may not be good enough.
MMX Price at posting:
87.5¢ Sentiment: None Disclosure: Held