Enlighten me swifty, what is the point I missed?
Did the u bid get any stock? No. Was he hoping to put in bids right on 4 o'clock at about 1mill underneath bids above so that someone would dump on him. No. Was the u bidder probably dumping on the sell side. Yes.
Anyone who's been in the game long enough knows what these u's are about.
MUL is a trading stock, another 86mill traded today, add to that all the other hundreds of millions traded over the last few weeks, this stock is being traded all the way to the bank. Anyone who thinks its on fundamentals is crazy, as accumulators would already own the whole company, it's traded itself over so many times.
All I will say, is wait for a year's worth of accounts. We will see then the revenues and more importantly the profits that come out of this manipulated stock. I might be wrong, have been before, but I would be very surprised to see MUL trading above its current price in a year's time.
In the meantime ride the manipulation wave, make your money and get out. Happy trading.
Cheers
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Enlighten me swifty, what is the point I missed? Did the u bid...
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