imho, i think mhm has become more tightly held over the last 2 week's action.
It dropped from $1 to 72c. I know it sounds cliche but for every seller there was a buyer. Except in our case, the sellers were probably the people without long term plans for mhm and the buyers were people who had long term plans...i keep hearing the saying catching a falling knife but if you are a long termer of a promising company such as mhm, you might get cut, but not scarred.
I picked up some more at 73.5c and while I had extra cash reserves I did not buy more. Given the current market I needed that cash to manage my risk. I'm kinda regretting i didn't buy more.
Lets hope that all the planets align- geelong, US contracts, and borader market and we will see this baby rocket.
In the meanwhile I think mhm will be volatile. let's just hope any good news doesnt get drowned in the current market smoke.
MHM Price at posting:
93.0¢ Sentiment: LT Buy Disclosure: Held
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