We're starting to see long-termers cut their losses and trade on fear. I'm tapped out, otherwise I'd be buying.
I'd love to double-down, but right now I think the trend is down, relentlessly. I've been looking for data to support the idea that we've found bottom - that we've caught the falling knife, and I've found dozens of bottoms so far. Here is what I've learnt - MYX has more bottoms than Grindr, as they say![]()
Anyway - that relentless shorting is making the long-termers fear deeper losses, so they're selling - giving the wins to the shorters - driving the cycle. And I keep hearing "when people are greedy, be fearful - when people are fearful, be greedy"...
If you look at the 50 day Simple Moving Average of Close - it's not good. When I bought into MYX I broke one of my cardinal rules: never buy a share trading below it's SMA50. And I kept buying figuring the SMA50 would have to catch up. Then it drops more and the shorters make serious coin. Frankly, if this continues we will see a management buy out around 20 cents - they'd be insane not to. The fundamentals are just too damn good.
So since I can't afford to acquire more, and I know that eventually there will be a management buy-out, I'm going to hold and not worry too much.![]()
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mayne pharma group limited
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Last
$5.20 |
Change
0.000(0.00%) |
Mkt cap ! $422.4M |
Open | High | Low | Value | Volume |
$5.29 | $5.29 | $5.17 | $1.533M | 294.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $5.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.29 | 4126 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 5.200 |
1 | 2500 | 5.190 |
1 | 10000 | 5.180 |
1 | 2500 | 5.160 |
1 | 1000 | 5.150 |
Price($) | Vol. | No. |
---|---|---|
5.290 | 4126 | 2 |
5.300 | 22900 | 2 |
5.320 | 3600 | 1 |
5.330 | 2000 | 1 |
5.350 | 25858 | 2 |
Last trade - 16.10pm 10/07/2025 (20 minute delay) ? |
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MYX (ASX) Chart |