MYX 0.91% $4.44 mayne pharma group limited

Not sure how much it was played versus howmuch it played with...

  1. 1,125 Posts.
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    Not sure how much it was played versus how
    much it played with itself instead of getting on
    with the job! As previously mentioned a lot of
    shorts must have been forced to cover with that
    upswing up to 1.40. Two years ago shorts were
    around 13%. Dropped to around 1% and are on
    the rise to about circa 4.58%-around 73 million
    shares I think ATM. Shorts still feeling safe selling
    into the market ATM and dropping the price with
    no news to excite the market and entice new longs
    into the market. It’s just ho hum ATM. MYX has a
    monkey on its back hanging on tightly. Kind of agree
    with some other opinions on here re management
    getting a pile of shares for talking up the company
    whilst destroying share holder value in the long term
    with expensive previous acquisition. Let’s see how
    things go at the AGM and in Feb next year. There
    seems not to be any certainty re new products either
    being approved or time frame for hitting the market
    so I’m tipping that allows the players to operate and
    expose the uncertainty going forwards.
 
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$4.44
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