I only bought into this stock for the SPP Plan (as it was announced a good month BEFORE the recod date). So heaps of time to get in which is awesome.
I bougt a small parcle under 2 HINS.
appliied for $10,000 shares x 2 the following month
Got my $20,000 that I applied for,
Sold it as soon as it was allocated and made $16,000 profit
one and dusted within 4 months !
NOT many stocks give u the chance to get your money back before they go broke.
and they even said that the SPP will be refunded if ceetain terms were not met - another good reason to invest in my opinion
I have now participated in 45 SPP plays and lost on 4 of them.
good luck to you MST holders... just plz, try to not get your emotions soo attached too much to a stock.
I had funds invested in Telstra 3.. invested $15,000, sold at a loss and got $9,500 :( but 8 months later, I was up $32,000 using that money plus my own.
the loss on Telstra 3 helped me reduce my tax on the profits i made after the loss of T3
Good Luck again!
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