By observing the day-to-day activity of this stock, I notice that there is a certain maquiavelic trend.
1 - Session opens with a slightly higher sp compared to previous close;
2- Between 10:30 and 11 am the sp retreats and a lot of people buy in at lower that previous close. No shortage of takers at around $1.115 and $1.12
3- SP stays at the low price for most of the session, and surprisingly rises at end of the session and more still after close reconciliation.
What amazes me is why existing shareholders are falling for this trick.
Today all other milk stocks went up, however MGC remains under "control" by some pleople. I believe when they acquire enough shares they will then "allow" the SP to rise again.
The famous power shift!
MGC Price at posting:
$1.12 Sentiment: Hold Disclosure: Held
