Well, apart from being potentially very rewarding, the 1st thing...

Well, apart from being potentially very rewarding, the 1st thing im always telling myself is that they are highly risky, so they'r definitely not for the faint hearted who are worried about a couple of pips here & there.

In saying that, the high risk can somehow be mitigated if u do ur homework properly. That is, look for early signs (or smell the smoke signals) & get set at relatively early stages, either before news or alongside the pros.
Volume, accumulation, trading pattern, placement/CR, shortfall allocation, director exercising option & convertible note conversion are all potential signs of raging fire coming.

If u look at ADO, there were plenty of smoke signals before the massive push. CR, shortfall allocation & especially the volumes before Jan13......all dead give aways of potentially what's coming.

Now on MMZ:

1. The accumulation pattern seems to have resumed after a couple of days of distribution.

2. Potentially more significant "global partner" news coming in 1-3 weeks.

3. Now here's a question to ask urself: the convertible note share conversion was done on 12 Feb, if they really wanted to dump on news, there was plenty of time for the shares to be actually issued before 17 Feb when news was out. Instead, they were issued way after the dust had settled (on last Fri, 19 Feb). So this tells me they either went thru all that trouble & only intended to dump for 20% gain when they could have easily made 80% (btw, the 14ml volume would'v been easily absorbed in last 2 days of trading), or......they know/feel what's coming & they'r more interested in catching the next wave?

IMHO it could be the latter as I pointed out in my previous post these convertible note holders are clients of Findlay & Chris Jerymn (PJ's son, also on Hotshot leader board) used to be senior adviser at Findlay. Now if they havnt been told what's coming, i dont know who would. They have the networks with CJ & they converted to shares just before a TH! All coincidence huh.......?

The signals are there that they'r in the know & they didnt care their shares were actually issued a couple of days after the news. And I certainly hope they'r aiming for sth bigger coming. Still need other signals to confirm though such as volumes & trading pattern.

Im sure it wont be straight up from here, could still be another bumpy ride for 1 or 2 weeks while it consolidates, but stay strong & believe in urself if u'v done ur homework properly.

GL all faithfuls
JL