In light of this selling today, I’m out of this at .58. I have a...

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iminvestor101

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01/05/20

12:21

Post #: 44379016
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Originally posted by iminvestor101 ↑

If one looks at the volume closer to the lower levels hit- .38-.50, there wasn’t much volume there.

Today not only was the raise well received closing at .555, but there was IMO further buying on behalf of instos and superfunds. IMO this is supported now. Today I think presents an opportunity for tax selling and rebuying positions- I think those were the big positions coming through.

If it were me holding right now, today I would have sold my position, crystallised a loss, then bought the position back.

Anyways I haven’t done much with my holdings recently but I’ve added MVF to my portfolio today at .545.

The balance sheet has been cleansed now so it could be a good opportunity to jump in.

I think shorts should be also looking at the action today and looking to close their over exposed positions. If this didn’t happen today then this could put upwards pressure on the SP.

If .52 is where “discounted value” is then where could “fair value” be? Something to think about.

Gltah and dyor

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In light of this selling today, I’m out of this at .58. I have a bad feeling we are about to start another market downturn and I will apply “sell in May and go away”.

Gltah and dyor

MVF Price at posting: 58.5¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 60.0¢		Change -0.025(4.00%)		Mkt cap ! $233.7M

Open	High	Low	Value	Volume
62.5¢	63.0¢	60.0¢	$3.642M	5.910M

Buyers (Bids)

No.	Vol.	Price($)
76	982485	60.0¢

Sellers (Offers)

Price($)	Vol.	No.
61.0¢	85000	3

View Market Depth

No.	Vol.	Price($)
76	982485	0.600
9	212296	0.595
23	160727	0.590
4	53236	0.585
26	266550	0.580

Price($)	Vol.	No.
0.610	85000	3
0.615	67498	3
0.620	40351	2
0.625	32154	1
0.630	15000	1

Last trade - 16.10pm 19/06/2025 (20 minute delay)

MVF (ASX) Chart

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