nice little jump today, have to admit, but i am a little sceptical of its longevity
whenever the sp rises to the 7-7.5 cent mark the bid side is always at least 1 cent away, as it is now at 6 cents...
with little to no upward momentum in the general market the sp always dips back to the highest bidder, who like i said is always at least a cent away...percentage wise thats always a massive drop
point is MNM always falls harder than it rises...the announcement needs to come soon so that the 7-8 cent mark starts becoming the highest bid, not 5.1 - 5.9 cents where it always ends up
personally i think someone is trading the life out of this, buying at the lows of 4.8 - 5.5 cents then selling out at 7.2 cents...percentage wise thats a massive gain in a matter of a couple of days...we need the re-rating to happen so that this can build on a more stable foundation...teens need to be seen and met for a while so that any possible movement into the 20's is sustainable
Just my thoughts as a loyal holder whose always watching
Cheers guys
MNM Price at posting:
6.9¢ Sentiment: LT Buy Disclosure: Held
