Like the Eye of Sauron the light was shinning bright on MOG and traders who knew nothing about the company came pouring in, however as that light fades the interest and SP of MOG will fade as well. Without continued positive announcements the short term outlook is not good for MOG. Short term holders who got in too late will cut their losses and move on to the next best thing.
Yes it looks like it has potential but over the short to medium term and with the prospect of a future capital raising my view on the SP is not positive.
Personally I got in late on the initial momentum at $0.345 and sold the very next day at $0.530, I don’t plan to get back into anytime soon as I reckon the Market as a whole is going to sh*t itself and being in cash for a 2 – 3 months will present better opportunities.
MOG Price at posting:
24.1¢ Sentiment: Sell Disclosure: Not Held
