No, I didn't take any advantage and the reason is really simple. I was not holding from yesterday. In fact I haven't been holding MMX for long as every now and then I buy some parcels to sell them within the day. I have also been doing some short selling on the $1.20 - $1.10 mark, then $1.02 - 95c and 92c - 85c. At the moment I believe is way oversold but I don't trust the management and therefore I wouldn't hold any position on either way. For those who bought yesterday on close, they probably have made their 3% in first hour of trade, as I quoted "I would believe that 3 to 5% can be easily made in the first hour of trading".
My sentiment has changed driven by the ridiculous price ATM. If I'm right and price start moving consistently up, I would buy a parcel on 75c. 71c is indicating no confidence whatsoever.
MMX Price at posting:
71.5¢ Sentiment: ST Buy Disclosure: Not Held
