Don’t forget that a chief executive can also con P.Is into jumping in with loads of cash to help a company in trouble. Although I don’t think that is the case here I am looking at it from both angles.
I am going to go against most negative posters here and say, in my mind, that some big buyers are just waiting to snap up these shares at a very cheap price. I also think that the next results from M.M will be far better than anyone expected. It’s just a case of patiently waiting.
Just waiting for a couple of decent buys and we sheep will follow the leader AGAIN. The sheep syndrome is so predictable. I will top up as soon as I see the first decent buy. I am of course , naturally one of the sheep!
I’m glad today is over because I think the sellers and nervous investors have done their bit and we now should see a good improvement with the s.p. for the rest of the week. There is a lot going for MM and the big drop on Monday was ridiculous as most people realised. IMOP
Only 1p below yesterday’s close. The s.p. Has held up well today. Usually there is quite a drop after such a big rise yesterday due to profit takers but such a small drop today just shows what confidence there is in the prospect and confidence there is in see MM going onwards and upwards.
The recession would be good for MM as cheaper phones for example will be in a greater demand. Nowadays it seems people must have their phones and will want them as cheap as possible. This is where MM steps in.
Hi Jarv. Yes back in after panicking yesterday. I did well yesterday but went all in at an average of 17p first thing. Still happy as I think most of the sellers are now easing off. At the moment it looks like we might get a blue finish today. GLA
As usual, a load of sheep panicking. Once investors realise that they shouldn’t have sold then the s.p. will soon shoot up. The rise is just started again and the wise sheep will surely follow. Blue by close of play.