I hold in a few MM companies on the ASX and across the sector it appears that each has gone through a serious retrace be it after a CR or being manipulated by the bots and instos as stated by many here before.
The state of infancy in the industry has made all of these specs longs as the bubble has well and truely popped and the wait could be a long one for the legislation has to catch up.
It seems good news that has come out is already priced in and even on most a fall in SP after news appears the norm.
I will be holding all I have and waiting LT with these but if I was to be holding in anything that hasn't yet retraced or more recently was listed I would be very cautious.
All imo
Gltah
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