MYX 1.51% $4.71 mayne pharma group limited

Hi All, First post. I am a novice in Shares and only recently...

  1. 62 Posts.
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    Hi All,

    First post. I am a novice in Shares and only recently started <2month. I primarily hold VAS and VGS for LT and thought I should get a non-ETF as to better understand how Shares work (vested interest). I read about MYX and decided to get some at 0.66. It seems that the general consensus are that MYX is weighted down by Shorters and people trying to get out. My viewpoint is; like food, everyone needs medicines. It may or not be generic, it may or not be from MYX. But even if MYX captures a small slice of the market, I cannot see reasons for it to not do well. Unlike other companies with the similar caps, MYX books seems positive.

    I was lucky to enter at a good price and will hold for 1 year before making the next decision.
    Thank you all. I have learnt heaps about things like resistance and trends from you.
    Regards,
    Ben
 
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