MNS 0.00% 4.2¢ magnis energy technologies ltd

Sean, who knows who’s buying and who’s selling . It will come...

  1. 3,217 Posts.
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    Sean, who knows who’s buying and who’s selling . It will come out in the wash . But one things for sure , 5-10% daily share price drops indicate sellers are all over MNS at moment. As they have been for 3 years.

    Hotcopper history vault shows there will always be the trapped long die hards who keep averaging down on the belief something miraculous will happen. Poor old King Louie at TON comes to mind. But he’s not alone.

    MnS will have their King Louie’s and so will 90% other stocks with similar long term down trends. People like Roka who got out at 16 cents feel better tonight no doubt, and have explained their rationale.

    Even the directors are underwater with all their share buys past 3 years. So anyone who can buy now and make a profit should be CEO in my opinion.
 
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