GREY:MYMMF - Post by User
Comment by
BadgerMeon Aug 15, 2018 4:09pm
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Post# 28467618
RE:RE:RE:Hope the see MYM to today @ $1.20...
RE:RE:RE:Hope the see MYM to today @ $1.20...oh i agree 100% overvalued at that time, but the numbers remain the same at 80% fall for MYM. Overvalued sure, but that is one big drop. Ive seen companies such as Biovail, VW and Equifax amidst heavy scandals and their share price doesnt drop that much, and rebound a mere two quarters later. (maybe a poor example as they are much more established, but you get the idea)
But ya you are right, so many companies got cut down to a quarter of their size. $2 by EOY and Im happy as well, ive hedged so many damn times my avergae is down to $1.42 sooo ya $2...thatd be great, in the meantime my butthole is sweating.
If they could just get Weedon or the Northern Rivers project going and growing I honestly dont see why $5 is out of the realm of possibility by EOY. If everything goes to plan, again I dont see why $15-$20 would be unnattainable by 2020.
Sept-Dec months are usually kind to the industry. Its still all speculative though, so risky. But Ido like me some risk.