MCL 4.69% 33.5¢ mighty craft limited

Hi Manfuzu,I thought that 20mil on open yesterday was a sell...

  1. 2,568 Posts.
    Hi Manfuzu,

    I thought that 20mil on open yesterday was a sell into the bids? Obviously I'm not watching close enough. You're probably right regarding profit takers from the recent placement. However, I would have expected a pump in the share price by the usual sharks to dump into. After all 550,000,000 are a lot of shares.

    Quite simply what attracted me to this stock was the nice base forming (can't really go much lower) looking at the two year chart and recent volume increase.

    Just a possible trade for and not wanting to offend the faithfuls.

    Like I said it's on my watchlist.

    Good luck.

    Cheers,

    Arkie
 
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