Timing for the further average down is key of course!

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catscatscats

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19/06/18

13:25

Post #: 33797103
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Originally posted by McHale ↑

There were 2 cobalt manias on ASX last year, Feb/Mar up - then a large retracement through to mid year (take a look at charts for various cobalts from that time i.e. CLQ), then many cobalts went ballistic from June to early Nov last year. Most of those have been having large retracements - it was an "early cobalt boom/ bubble" IMO. All those cobalt small caps had to retrace after that huge bubble, it was a "blow-off top - the herd was running wild - everybody wanted in (and it consequently caved in) some won't make it some will.

But the right cobalt companies have a long way up to go from here.

MEI has been sold down by the insto/bots and is now being sold down into EOFY. MEI has $$$ in the bank for aggressive cobalt exploration and also has an asset at Midrim that is worth far more than the current market price for MEI.

Unless you need the $$$ really bad, I think it would be dumb to sell at current prices (I initially bought well above where we are now), personally have also been averaging down. I think new mangmt is good and this thing will go north from where it is now - probably by the end of this week, if not early next week IMO.

Then there is some exploration sooon, fingers crossed, this is, - a punt (with Midrim insurance).

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Timing for the further average down is key of course!

MEI Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.8¢		Change 0.001(1.03%)		Mkt cap ! $222.2M

Open	High	Low	Value	Volume
9.8¢	10.3¢	9.7¢	$318.6K	3.224M

Buyers (Bids)

No.	Vol.	Price($)
3	104546	9.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.8¢	2896	1

View Market Depth

No.	Vol.	Price($)
5	1773521	0.011
11	2924000	0.010
6	4510000	0.009
7	2258300	0.008
1	142857	0.007

Price($)	Vol.	No.
0.012	620532	3
0.013	1998837	5
0.014	926384	7
0.015	670000	2
0.016	1179000	5

Last trade - 16.10pm 22/11/2024 (20 minute delay)

MEI (ASX) Chart

Timing for the further average down is key of course!

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Buyers (Bids)

Sellers (Offers)