Which is quite different to how POS will come out of the TH in next day or so. Into the 0.03's it goes. On that basis by my reckoning you're sitting on c80% paper losses with your POS holding... Of course who can forget your 70%+ actual losses on MCR first time around.
But what i find ironic is that if you had have bought MCR at a buck (again), instead of downramping earlier this year, you would have made a handy 160%, based on exiting at 2.60, like you keep telling us after the fact. If you had have done that, well, i'd have said that would have been SPOT ON.
Anyway, my call is fair value for MCR at 1.60-1.80. Let's come back to this in the new year, when i reckon POS will still be languishing in the .03's.
MCR Price at posting:
$1.57 Sentiment: Hold Disclosure: Held
