Sorry mate but I have to disagree with you.. how have you come up with 6/7 being fair value?
and what makes you say it'll be quiet around here for the next few weeks?
yes there was a relatively small sell down today, but if you look across the ASX (especially specs) there was very little in the green.. Bit of a nightmare day for the ASX (if it continues to fall tomorrow we might be in strife...)
MPJ is now in the process of CONSOLIDATING it's recent 60% gains, in the process it's making a new base at .7c, from which I believe it will make it's next leg up. There was a rise to 1c from a base of .5c, your guess as to where the next leg up will take us from a base thats 40% higher than that?
I can understand your frustration because I jumped on back in early June when there was a break of short term trend at a price that I now know was more than I should have paid.
But if you're like me and you've done enough research to know that this is a stock with excellent risk vs reward, being a pip or two down in the scheme of things shouldn't really matter.
I don't really think there's any bravado going on with M17 showing his hand, he's just super confident and rightly so.
MPJ Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held