It's easy to get emotionally involved in a downward spiral and all of a sudden everyone is accused of being a down-ramper. O.K, let's get sme simple facts: 1. MON is in decline for over the last six months. There is no sign (from a chart technical point) that would indicate a turnaround. 2. The listing at Toronto xchange has done nothing but to reinforced this downtrend. 3. The recent fund raising of A$ 10M (which should really be paddy cash for such a company) took them over a week!??
Even if MON would all of a sudden be cash positive, that does not mean the market will aknowledge this and let SP to go up. The "market" reacts very very often in different ways and at the moment the bears are having the upper hand. I am still holding and at this stage, only lost ~50% or so but I think I will get out now. Enough is enough
MON Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
