MYX 4.50% $4.03 mayne pharma group limited

I normally sit on the comments sidelines (and value everyone's...

  1. 48 Posts.
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    I normally sit on the comments sidelines (and value everyone's opinions) however.... In my opinion, MYX has already dropped further than Mitra and the market has had time to assess its value and has set a range for bottom. Yes it could gap down however if it does, I don't think it will anything like 20%. Might be some forced selling on this one through margin calls but the market panic SHOULD be more around travel, fuel and insurance stocks.

    I'm one of many sitting on a significant paper loss with this one. I bought it as a LT stock and my view on its future potential hasn't changed.
 
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