MRM 0.00% $2.69 mma offshore limited

Where is MRM going?, page-160

  1. 18,920 Posts.
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    I haven't been "talking it down". I have been expressing my opinion on likely outcomes and facts of management disclosure.

    I should have shorted it, instead I thought :

    "gee.. down 60% and not a peep from management... Only absolute toerags would only drop a negative news bomb on the retail suckers after such a decline... This was an ASX200 company... there is no WAY they would do that again given the last price query debacle and secret Jaya dispute...... I will give them the benefit of the doubt and put my toe in again against my better judgement"

    So I put my toe in and I got what I deserved for believing the way these guys disseminate price sensitive info would EVER change!!

    Remember that disclosure like this cuts both ways. I predict the share price will rise hugely and many retailers will sell out on an unexpected and potentially unsustainable rise prior to management releasing good news..... IF it ever happens.
 
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