Major bargain here...Once again the market shoots itself in the...

  1. 15,276 Posts.
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    Major bargain here...

    Once again the market shoots itself in the head, over reacting to modestly negatively news.

    However...was it the market, or some other sinster forces at play?

    Major XT at 75c, on the back of recent trading, looks all the world to me like a margin flush!

    Two questions...

    1. Who would know another persons "margin position" and force the shares to create a trigger event and;

    2. What is ASIC and the ASC doing about it.

    Can't believe I am buying these under $1, let alone $0.80!

    Last time they were this price was the middle of the tech boom, when they were a start-up with just 100 people or so.

    Ears pinned back.

    Cheers!
 
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