daytrade diaries... wednesday, page-41

Kevi,

We have been holding and accumulating MMG for a few months now - so we are pretty familiar with it. A few days ago there was a capper at 1.15 and yesterday another at 1.18. I have no idea what they are trying to achieve because there is off-market buy back on, the bids for which close Friday. Why not just sell into the buy back? Once the off-market leg is finished, the on-market buy back will re-commence. All this bodes very well for the stock as a medium term hold.