MPO 0.00% 14.0¢ molopo energy limited

Nevawake, I have spent the whole day trying to figure out how...

  1. 46 Posts.
    Nevawake, I have spent the whole day trying to figure out how you make money buying Molopo @ 19.5 cents and selling it @ 21.5 cents and then buying it back @ 22 cents etc., like what you posted above. I have spent the whole morning away from the screen trying to figure this out. I rang my broker and asked him how this strategy worked and he told me that that was the stupidest thing that he had heard all day. I am lost....no one can tell me how I can make money selling @ 21.5 cents and buying back @ 22 cents. Does one make even more money if one sells @ 21.5 and buys back @ 24 cents. Please explain this brilliant strategy in simple language. It was nice coming back home now to see the price has gone up to 22.5 cents so that you can get your Plan A going!
 
watchlist Created with Sketch. Add MPO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.