Im only going to reply to this thread because the other Title is a downramp.
Start of the year every year has seen MSM take a runfrom the start of the year.
Stocks like this tend to sell down into Christmas, so all the down rampers syaing its for this or that reasons is a bit of BS.
There is some issued shares that I think happen every year at this time when the CEOs etc all give themselves shares. Its common with all stocks Listing rule IPISA, ( Insert Pineapple in Shareholders Ahle) Rule.
Meaning the CEOs of all stocks give them selves free shares for no reason, its the Carrot that makes people aspire to become CEOs so they can get free shares.
The Funds of course dont like that and sell the stock down because they know they will buy back cheaper later after the CEO has got his free shares out of escrow.
It seems as if this is the time of year that happens and hence the sell down.
Once this is done and history the funds will most likley start buying MSM back up.
12 Month high 34c, Alot going on that should be good news this year comparing MegaSTAR to Slum Dog Millionaire, it should go off in India.
Thin market and low issued stock so a bit of buying will send it for a run.
30c this year could well be conservative.
MSM Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
