MCU has been range bound 80-90c basically since August anything...

MCU has been range bound 80-90c basically since August anything above or below that has been oversold or overbought and it has quickly come back into the range. This is now the high confidence range where most traders/investors think fair value is.

There is a high probability the breakout will be up unless the general market tanks. The breakout will be stronger the longer this range continues and most likely break the dollar mark in the initial surge before another range equilibrium is found. Predicting the timing is the hard part so I'll take a punt and say Late April/May.

MCU is not a very easy stock to range trade due to liquidity unless you are a small bit player. I'm a large holder so for me to do that would spook the SP, my average in price is about 50c which is now generating very good annual returns without even considering cap gains so I'm now a long term holder.

I think the stuart mitchell step down is interesting and I think it is ultimately good for the business.....it is about 50/50 I think that he will return to the same role, we shall see but it is likely there were conflicts there with other senior managers is my take on it.