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$3.15 money3 corporation limited

Ann: Additional $10m funding-MNY.AX, page-8

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31/10/16

13:27

Post #: 20250950
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This company has been one of my best investments. I do like the fundamentals, so will hold. Thanks 4 tip.

Originally posted by stupidfish ↑

Don't 'trade the news'. Just in general, markets react on sentiment, there doesn't necessarily have to be a physical, logical reason for why they react the way they do.

Now whether this is good news or bad news remains to be seen. Just focus on your own research, get a value, and if you are confident in your research, stick to your guns.

When I first started investing, I was always doubting my research, for one company I bought, my research valued it at $2. I bought in at $1.50, and on the day of the annual report, the share price tanked to $1.10 (roughly), even though it was a positive annual report (it just didn't meet hyped expectations) I panicked and sold immediately making a loss, but months later the share price was $2.10.

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MNY Price at posting: $1.73 Sentiment: Hold Disclosure: Held
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0 Great analysis

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Add MNY (ASX) to my watchlist