MEL 0.00% 2.0¢ metgasco ltd

sold out

  1. 48 Posts.
    Just sold out my holding, on the basis that it has had a good run recently and seems as if things are beginning to dry up, only just over $100k through so far today, so back to normal trading for MEL, and my thoughts are that this may continue for a while. This is the first time I have had no position in MEL since I commenced accumulating around 3 years ago, I will be looking at buying my entire holding back in the next week or so, at around the low 40c or high 30ies. My basis for this speculation is that MEL is a speculative stock and hence volatile, which could quiet easily decrease by up to 15% in a week for no real fundamental reason. The major risk in this, is that a takeover offer which is more than likely occur in the future, may happen sooner rather than later. However now that I have exited my holding this may happen sooner lol. Good luck to all holders MEL is fundamentally a great co.
 
watchlist Created with Sketch. Add MEL (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
0.000(0.00%)
Mkt cap ! $7.812M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 23000 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 17601802 1
View Market Depth
Last trade - 16.12pm 03/04/2020 (20 minute delay) ?
MEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.