daytrades dec 10 pre-market , page-17

MSB - 25% from Wednesday's close to last night's close ($5.00).

Substantial profit taking after Wednesday mornings big announcement (opened at $4.40, fell back to $4.00), but since then it's been all up.

Shares on issue: 154 million.
Turnover the last couple of days: 1.5 and 1.9 million which is tiny, and assuming some of that is multiple turnover of parcels by spivs (mea culpa) then it's obvious that 98% of shareholders haven't felt the need to cash in their chips despite enjoying a 50% rise this week.

Market cap is now almost $800 million.

So is this stock too big to day-trade?

Is there more in it?


IMO: No, and yes.

discl: holding bagfulls, accumulating.

OK, that;s it. I'll pipe down now.

Unless it hits $6.00 today, then I'll pipe up again.