Brave move, I had a bid in the closing auction but missed. There's always next week ...
That was brutal action today, bounced nicely when they touched 40c earlier in the day, but the sellers won out in the end, I am guessing it triggered a lot of stops when it hit 40c but it held at least.
Down around 15% in a week and with increasing volumes each day, this has been absolutely belted. The really bad part of that is its the second week in a row thats happened.
I'm not a charts man, I invest only on fundamentals and whilst there's much to be concerned about with MYR fundamentals, there's a bargain in this I am sure of it, the question is at what price.
MYR Price at posting:
40.0¢ Sentiment: None Disclosure: Not Held
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