Share
11,249 Posts.
lightbulb Created with Sketch. 29647
clock Created with Sketch. 14/10/17
11:02
Share
Originally posted by Davisite
↑
Given the massive week we have had I thought I should post a perspective on MUS from someone who has been here for a while. All of this is my own opinion and is of course not investment advise.1. Ruby fever has only just started. The way MUS traded this week with massive new demand and a complete collapse on the sellers side strongly suggests the next two weeks will see further rises. The momentum that the last week has unleashed is going to be very hard to stop pre-auction. If you are a trader then MUS is worth investigating purely as a momentum play.2. Mustang as a business is only getting started. If you are a investor then you want to put your money into companies that are going to grow over the long term. Mustang has fantastic long term prospects (which have been discussed in great depth in many threads here), such that any short term overshoot in the SP will be meaningless in a year or two. This means if you are investing for the long term you don’t need to worry as much about overpaying.3. The auction may surprise on the high side. For those sitting on the sideline thinking to buy in after the auction when the outcome is known may find that the SP doesn’t fallback (i.e. the old buy the dream, sell the news). We may well see a massive run up pre-auction that just keeps going post-auction.
Expand
Well said and wise ‘not advice’.
