MRM 0.00% 33.0¢ mma offshore limited

Time to off-load this Mermaid, page-47

  1. 2,211 Posts.
    lightbulb Created with Sketch. 48
    Also every time someone makes a prediction like shareprice is going to 20c, the shareprice goes to 21c then back up to 50c.
    It happened at STO at $3.5 when More Money Please held out for $3.3.
    It happened at CDD when Agent Smith thought it would drop below the rights price of 40c while I just kept doubling down on that net debt free mofo as it bottomed at 47c.
    There's no way to predict shareprices and everyone laughs at me for it but you can't go wrong with dollar cost averaging always with an eye to the performance of the business. When something falls to 30 or 25% of its value and you are comfortable you understand there is no risk then load up the truck I reckon.
 
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