Low volume can also be an opportunity. Determined sellers force prices lower to find bids.
I suspect that's what happened at close today - seem to be a bit of an EOFY dump. Yesterday didn't even see 300k shares traded yet today did 1.2M on no news and no substantial PoG movement.
My assumption is that anyone who invested in MML prior to August 2015 is likely sitting on some hefty losses that might have been worth crystallizing for the sake of this year's tax return.
I decided to pick some up for $0.64 at close.
$0.64 with the PoG at $1315+ seemed attractive even with the uncertainty surrounding MML.
Let's hope the recent price action isn't indicative of the Q4 production results.
MML Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held
