Hi paulhe,I tend to agree with your thoughts. Seems that many...

Hi paulhe,

I tend to agree with your thoughts. Seems that many have very high expectations for this stock, perhaps too high?

Some have dared to suggest that it has clearly headed into the overbought region although only time will tell of course.

The 'red flag' for me is the frequency & sheer volume of posting on the MMZ forum, seems that punters are all over this like a cheap suit. That for me signals that an exit is the best strategy ;)

Just like numerous other ASX stocks 'promoted' here on HC, every penny dreadful that goes up in the manner MMZ has, will ultimately come back down so it makes timing your exit critical.

While some things change, human behaviour it seems never does - fear & greed still rule the markets ;)

Good luck to all although I do urge you to watch carefully for exactly who is still around if MMZ truly is a house of cards again as some have suggested.

Trade carefully

nistrams