1MC 0.00% 3.4¢ morella corporation limited

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  1. 3,740 Posts.
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    possibly/hopefully and SP seemed quite resilient today in the face of a falling broader market and poor sentiment, and in spite of solid volumes going through. Let’s hope a big fish is going to rinse the shorts:

    https://www.shortman.com.au/stock?q=Ajm

    who have been bold despite AJM sitting at/near recent lows. That said wasn’t today a new 52 week low? Maybe this will make for a strong W reversal - possibly more volume would have helped that impression?

    I appreciate the hard work you and others are putting in to try and join dots, but I can’t personally depend upon that sort of analysis as a basis for investment. Maybe I’ll miss out on an amazing buying opportunity at these new lows, or a lot of the upside if a big corporate move is announced (my reduced holding is my hedge against that) but personally I need concrete progress on financials, sector or otherwise because official announcements have only diminished my optimism recently.
 
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