Still...this is madness. I'm holding because I'm sick of making a loss. Ha. Every quarter, around the time comanies release their results, we should expect this kind of insanity. Its not like every company on the ASX is going to release good news to the market, quite the opposite, so everyone falls into the bottom of their baths with razor blades, wailing, and down we go.
Still...I'd like to average down, but putting more money nto the paper shredder is just stupid. So I'm avoiding it. I don't think 7c is the bottom, I think 3 or 4 cents would be it. Then it will head back up above 7c. Hopefully it will manage to do this before the end of the quarter or the end of FY08-09, when the real ugly news will come out and the world financial system will implode.
MOF Price at posting:
7.2¢ Sentiment: Hold Disclosure: Held
