Onshow I bought some MHM because they for a change in my view looked like they had reached a short term bottom .
From 104 ,I thought they would retest 120 with a hlf descent US market and any smell of news out of Geelong or the US , which has been so slow coming , but imo has to be close .
My thinking was also based on a belief a larger seller had depressed the price and I determined had finshed selling , i gained this view by seeing a line of opps appear at 81,82,83,84 and 85 I think for 50k each after the selling seemed to dry up on the physical and were eaten quite quickly .
I am a trader as far as MHM is concerned until I see the qtly show the cash flow the company forecaasts or The US deal is signed off
I understand i will have to pay arguably 1.50 odd but id rather do that and just trade the drops until i get that assurance
i know it is unpopular , but I trade it as I see it
As I said happy to buy a few more on further weakness in the next few days , and more again if it does fill the 93 gap and bounce off it
If the company does release news , and i miss out getting a descent posityion whilst it is the cheapeast it has been for a while so be it
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Last
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $232.8M |
Open | High | Low | Value | Volume |
46.0¢ | 46.0¢ | 44.5¢ | $282.2K | 619.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49341 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 10500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49341 | 0.450 |
1 | 10000 | 0.440 |
2 | 70000 | 0.435 |
7 | 40956 | 0.430 |
3 | 165000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 10500 | 1 |
0.475 | 69000 | 2 |
0.480 | 90896 | 2 |
0.495 | 20000 | 1 |
0.500 | 178291 | 4 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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