Hmmm, still nervous or some feeling more confident?
MTM gained 1 cent to finish at 12. Volume was still not very high, just around 2.3m shares traded. . ASX REE stocks were also in good mood. Of the 26 REE stocks (list in my Weekly Report) that I track, average gain around 3% . Yesterday I had said it would be good to get a green and finish the week on a positive note - somehow that came out all right. Although volume was not very high, but its clear that many punters are happy to hold and play out the next announcement. In fact reading thru the threads, I can sense of a strong optimism as well - based on previous results. Lets see, we didn't make a dash of now and it was first green of the week. So it was good to see that. . Not sure when the next announcement will be. No guideline I could see in announcements, so best we can calculate and make a guess. But they say, some always get a hang of things by some manner. The volume till now has not indicated that, though it can be a closely guarded secret. If not for today, we would think nervous ones are getting out. But today was calming affect. Whatever be the result, at least there is hope, and optimism. All we need is luck and we would be flying. . So what will happen next week? As I wrote yesterday, Till we get an announcement or some who come to be in the know, it might be like this week. But as we ae getting closer and SP is not falling further, odds of something good keeps on increasing. Like today's trading. Monday could continue today's optimism. Will that happen? Lets hope so.. Enjoy your weekend and all the best.
MTM Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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