It doesn't seem to make much sense for the SP to be struggling at current levels. Turnover is low which can possibly be seen as a good sign - it seems to be no more than 100k per day other than the occasional blip. I note, however, that there is usually a large seller hovering at first or second selling level, perhaps trying to manipulate some slippage in the SP so they can buy at a lower level. I agree that the fundamentals are still sound and the last trading update from MOC was upbeat. I remain positive about the fortunes of MOC and the next half yearly report due late Feb 2015 should prove interesting.
DYOR
MOC Price at posting:
$2.41 Sentiment: Buy Disclosure: Held