If you look at the buying depth it is very low (2-3 million or so) which to me buyers are waiting for confirmation and some holders are nervious so are selling. This is the reason for the drop. I had a gut feeling this would be the case but didn't trust my own judgement based on movement earlier in the week so bought in a bit early.
If you look at BJT's guidance re dist recently, it states that there will be confirmation for on the 19th (tomorrow) re the record date of the 30th (like MCW). So, i made a comment / guess earlier in the week that this confirmation should come today but now think this will be tomorrow. Hang in there guys, good things come to those who wait. I think BJT is pretty good value also but the way but DYOR.
MCW Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
