You have to admire the way the market works, always straight upright and clean.
On Monday 2 June the market climbed to a high of $6.14 on a turnover of 321k shares - in the process no doubt bringing a fair number of hopeful buyers in seeing this mini run up in the sp.
Then guess what, our crystal pure and non manipulated MSB market - with no announcements whatsoever crashed the very next day (337k) and the following day (today 235k)to reach a low of $4.53. All genuine buyers from Monday are now around 5% to 8% underwater in two days!!!!!!
Analyse that Adam.
Oh I know ......it's just the deeply complex under-lying market matrix as a whole changing it's mind twice in 24 hours, and what happened on Monday was just a blip (321k shares).
Those Monday buyers have got a very expensive lesson that LT posters have been trying to tell them for a long time. But don't worry, according to Adam you're not getting screwed - it just feels that way.
Meanwhile on the buy side accumulation is back to work.
MSB Price at posting:
$4.57 Sentiment: None Disclosure: Held
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