churn churn churn...

MPO could have done anything today...

And it did!

But what did it do I hear you cry?

It locked in the recent rise I respond (indignantly)...look at the volumes, some 125m have traded over 10.5c in the last 2 days...and absolutely no sign what-so-ever of a blow-off top.

Most stocks fail at their first attempt of 10c, especial when they run from a low starting base as MPO did...the ones that do not however are typically experiencing genuine and sustain buying interest.

I suggest also that we did not see 70m shares change hands today...more like just 25-30m...with the rest no more than facilitated churn.

I expect MPO to be hitting new highs next week, after which a period of gradually changing trading patterns are likely to ensue.

I am almost inclined to turn my computer off, go on holidays for 6 months, come back, turn it on, check my portfolio balance...and then contemplate how I might spend my time in early retirement.

lol...probably sitting here trading shares?

Geez I love my job!

Cheers!