Australia's largest stock trading and investment forum Australia's #1 stock forum

MWR

Click for more information

4.40%

9.5¢ mgm wireless limited

Ann: Spacetalk goes to the UK, page-49

First 49 Last

Share
Profile

Follow
foo ling yu

1,029 Posts.

104

19/01/19

07:24

Post #: 37162027
Share

Originally posted by sivart ↑

Originally posted by foo ling yu
While this is good news, it's nothing we didn't know already.

Importantly, we are still 2-3 months away, a lifetime for impatient traders. The volitility we've seen in the past few weeks should be a warning to all holders of just how big the effects are when expectations aren't met with pinpoint accuracy. I see the same "can't lose, only way is up" sentiment appearing again.

I remain confident and have no intention of selling anytime soon. However, now is the best time to take a deep breath, do some research, crunch some numbers and buy on facts, not fomo.
Foo,
All good advice. However, if you don’t plan to sell any time soon then: a) you believe the company is worth more than the highest price it’s hit recently (or you would/should have sold); b) any volatility downwards only offers an opportunity to buy more at a lower price than you otherwise could (assuming funds allow).

Expand

All of the above lol

The main point is that a return to $5 in the next 2-3 months would be premature without sales to support it.

MWR Price at posting: $3.23 Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 83 more messages in this thread...

First 49 Last

Add MWR (ASX) to my watchlist