The day traders and the shorters have taken over this stock either side of $20.
In the absence of any further news - good or bad - this is the way it looks like being for a while.
I still maintain that a share price at these levels represents a major overreaction to all that has happened. As such, once the day traders and shorters have finished using the stock as a plaything, and once it dawns on investors that many of the funds that outperformed Magellan to bring about this whole episode have had their sugar hits ....MFG should stem the outflow of FUM and then begin the slow grind back higher.
The day traders and the shorters have taken over this stock...
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Last
$8.41 |
Change
0.080(0.96%) |
Mkt cap ! $1.452B | |||
| Open | High | Low | Value | Volume |
| $8.31 | $8.41 | $8.20 | $12.67M | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5667 | $8.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.41 | 15509 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MFG (ASX) Chart |