In recent years the market has become full of day traders who sit at their screens all day and try and make a quick buck.
They often buy with money that they don't own and sometimes get caught and have to dump stock at a loss.
Those that buy stocks on fundamentals get caught in the tidal wave of buying and selling.
Fundamentality this stock should be trading much higher but as you can see for a stock that has only 300 million shares on issue already we have seen 100 million traded if you include the chx exchange in less then an hour.
You can only imagining the churning going on.
Those that sold this morning at 4.2c or better are then hoping to buy back at 4c or less.
How do you stop it, you can't.
It's like holding back a tidal wave.
It's a shame because the company has done everything right and is now being punished by people who are only there to make a quick dollar.
MNE Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
