Now of course, we have the desperados who now just want their money back. People who bought at 4.2c plus this morning are now happy to sell at 3.8c and those that didn't sell now want to sell are now happy to let them go at 3.8c.
Funny about that.
Suddenly this stock has become it's own worst enemy.
Suddenly the story doesn't feel so good any more.
The very good results mean nothing. 34% copper is no longer spectacular but rather a curse.
People are yelling from the tops of buildings.
GET ME OUT.
And the sellers that bought this morning have already lined themselves up at 4.1c and 4.2c and 4.3c.
They just want their money back.
They don't understand that by loading up the sell screen they create more panic and thus bring the price down even further. DUH!!!!!
The day traders are loving it. They have already sold. They want to buy back as cheap as possible. The panickers are doing a good job of making that happen.
I think people should sit back and re evaluate why they bought stock in the first place.
Maybe they did it because the stock is considered by many to be undervalued.
The results announced today only reaffirmed this belief that many had.
So I ask you, who are ones now wanting to get out at these levels.
Time for a reality check.
MNE Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
