MMS was trading at $18.6 before this news with moving averages at $16ish
According to these articles only around 30% of the revenue stream (may) be affected which equates to a fair value of
$18.6 to $13 = 30% drop
instead a massive
$18.6 to $8.8 = 52.5% drop occurred today from highs
Not only is it already oversold from (margin calls, stop losses and lack of understanding ) but these changes won't even be implemented if the coalition wins the election so from current price it's a win/win situation IMO
$11-$12 should be very achievable in next couple days
http://www.businessspectator.com.au/article/2013/7/25/automotive/bet-election-trade-mcmillan?utm_source=exact&utm_medium=email&utm_content=361604&utm_campaign=kgb&modapt=
http://www.businessspectator.com.au/article/2013/7/25/industries/all-mcmillan-shakespeare
MMS was trading at $18.6 before this news with moving averages...
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Last
$17.69 |
Change
-0.200(1.12%) |
Mkt cap ! $1.231B | |||
| Open | High | Low | Value | Volume |
| $17.75 | $17.94 | $17.55 | $3.108M | 175.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2568 | $17.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.84 | 4 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| MMS (ASX) Chart |