MOX 0.00% 0.2¢ monax mining limited

janusl have watched mox for nearly 6 weeks l think to find an...

  1. 31,600 Posts.
    lightbulb Created with Sketch. 142
    janus
    l have watched mox for nearly 6 weeks l think to find an entry,,the stock had trouble at 5 cents for a while which was obvious to anyone that watched it,,most small market caps have billions of shares no cash etc,,mox has cash,meu shares which can easily be double the amount around 5million dollars(at the moment obviously its only 2.5 million or so)on thursday most of the volume was done on 7cents before it broke to 8 cents,,traders are not dumb (most)and would have jumped on thursday afternoon for fridays action,,the volume on friday was crazy and most of the time it is a mini pump and dump,,the funny thing is that alot of parcels went through at 9 cents so who knows
    from memory 40million plus shares passed at .088 or higher then the rest of the volume under,,the close was crap but l suppose thats what you get with huge volumes as people buy in on the volume factor and drop out when they see the run has stopped,,hrs the guys that jumped on axe at 6.5 might see something in mox?they have been selling axe shares so they would have cash to move onto another play
    anyway l am sticking around and happily will be buying more as usually after big volumes comes a few day of weakness if it was just dumb asses buying something on volume and not actually taking into consideration what they where buying and what this could be worth a few months from now,,still did trade some in the 9s but only what l bought on thursday not the rest l bought a few weeks back
    all this can turn bad but one must look at the value being put on the potential,,anybody have a top 20 or any tips on where you get them from etc
    anyway good luck to all and this is just my opinion which can always be wrong etc
 
watchlist Created with Sketch. Add MOX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.