'ALL successful ionvestors NEVER average down - to the contrary : if price falls below stop loss level they SELL.'
that sounds pretty slavish to me mate.
sometimes you need to read between the lines. there has been a relentless campaign over the last 6 months to hold the MMW SP at near to 8c.
i know, because every time I bought at that level they kept topping up the sell, even if it was 20% below the rest of the market. genuine sellers don't do that.
instead of selling into that kind of obvious price capping you buy into it instead.
those that did that will make 100% on the 8c trades, those that got 'stop lossed' out of their shares have been skinned alive.
the panoramic bid letter tells MMW holder how generous the offer is because the SP has been at 8c for 6 months. join the dots.
what we need now is a rival bid. Anglo?
MMW Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held