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MHL - Monitor Energy

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I am completely out as well.

I sold half when it doubled & sold the remainder just before when it broke into the 20's.

I will sit on sidelines and wait for the US to play itself out before getting back into MHL.

As they say, you can never go broke taking a profit.
 
As they say, you can never go broke taking a profit.
Click to expand...

Yes you can!!!
A common Ill conceived "trueism".
As Many I'm sure on this board can attest to.---------
 

I hear you mate - I was starting to feel this way too and was just waiting for MHl to got a little higher and was going to sell out of it and be done with the stock market, but no i had to wait it out and see what happens
 
See I took partial profits at 4c and was criticized by someone,

and he was sright I left nearly 50% profit on the table, but I brought my holding down to an acceptable level for myself and hence this drop doesn't concern me in the slightest,

I hope this is a lesson for newbies that when something goes up 100% you may want to consider taking profits,

I'm still a long term believe in the fundamentals and will happily hold my remaining portion
 
ba229

This baby still has life I reckon.

It is all the panic selling because other people are panic selling.

Bring on 5c again I say.
 
Sold half holding at 5.2c and put it onto EXM. My timing for once was perfect.

The recent drop has not really phased me as they are now free carried and i still think the they have huge potential in the long term.

Dont get me wrong the 50% drop gives me the sh%ts but more from the market reaction and the moron director selling off prior to the announcment

Happy to still hold.
 

I was going to switch to EXM as well but got left holding the baby

I also believe that the upside potential is still pretty good and at the current price seems oversold.

Some answers would be good regarding the director selling recently and how they could of termed the ann in a more positive light. People were put off by the 15% but haven't really considered that MHL are now free carried.

Is anyone going to the AGM? Maybe someone can grill them on these issues
 
I'm still holding MHL (and CIG for the moment) and looking at the upside of this. My view is this free's MHL to now put their capital into another project and end up with their fingers in a few pies, who knows, they might do this again. Not forgeting that MHL have had a complete change in direction from where they were (health) and to me they are starting to build the foundations. Also the people running the show have a good history with Hardman.
 
And down she goes even more, man is it ever going to stop ? lol i guess this is the very hard way to learn not to be greedy . 6 cent is looking like a dream more every day
 
stinger_au said:
And down she goes even more, man is it ever going to stop ? lol i guess this is the very hard way to learn not to be greedy . 6 cent is looking like a dream more every day
Click to expand...

I'm hearing ya, I was more worried yesterday than I am today. It is just panic selling and possibly more stops going off.

I'm not happy about this debacle but the fundamentals of the company haven't changed and IMO is looking like a bargain more each day. I'm just going to let it ride out as I believe it will eventually return to the recent highs.
 
There could be more influences playing outside of the company fundamentals.

There were rumours several months back that it would double from 3c. It went to 2 c in the short term on a correction and then up to 6c.

It essentially did as the rumours predicted. Now that it has done that who knows were to now.

Seems a bit like a casino. They gave a little bit up to take more back.
 

Hey Guys,

I attended the AGM, The reason for the huge drop, based on what the directors said at the AGM appears to mainly be due to short term investors pulling out and the the 85% sell of the licensing. I don't think many investors see that MHL is now less of a risk.

As for the director selling off some of his shares wasn't because of any bad news. The director basically wanted to buy a house. He still owns a fair chunk of shares.

This is my first post (be nice to me).
 

XZZY

Are you for real!!!... that was all they give for the drop and director selling?

seem to mean... his timing of offloading a bit questionable.....

anyone agree with this?
 
Agreed. Very questionable behaviour. One of the duties of directors is to look after interests of shareholders. That's others, not himself! Should be thrown off the board. Fat chance of that though. And what sort of house did he buy? A trailer home? He only got $177K. It's pretty obvious that his behaviour plus the 85% farm out/in caused the dramatic drop if confidence. Not happy Mark. You did OK mate but look what you've done to the market! This share is starting to look like a total dud.
 

I wish i had never put my money is this stock - know everyone is saying that it will go back up but it seems that people are just selling it . To rub salt into it the shares that i sold out of to buy into MHL went up heaps.
 
EXACTLY....

what kind of house is he buying... shrek house in the middle of wagawaga?..

unexceptable..... breach of conduct, sackable offence
 
tech/a said:
Yes you can!!!
A common Ill conceived "trueism".
As Many I'm sure on this board can attest to.---------
Click to expand...
He he he!
You know what they mean.
Perhaps it should be worded...
can't go broke in the market if you sell your ALL shares at a profit, not at a loss.
 
stinger_au said:
I wish i had never put my money is this stock - know everyone is saying that it will go back up but it seems that people are just selling it . To rub salt into it the shares that i sold out of to buy into MHL went up heaps.
Click to expand...
You are not the only one. I sold some BLG to buy one lot, AOE to buy another, and more AOE to buy a third lot. Both AOE and BLG have gone up considerably since selling.
However that is in the past. The question now is whether or not you think MHL is value at the price it is today. If so hang on, if not then sell and take a loss. I'm hanging on. I'll also try and trade up if I can see enough price variations, although my first effort in that has cost a tidy sum so I'm a little wary. It also increased my average price.
I don't think "buying a house" was the only reason for a director selling. It still smells fishy to me.
 
It was obvious the SP was going to retrace, the 100% gain was unsustainable.

What wasn't expected was the retrace to levels below the initial spike.

I held on knowing it would drop, but knowing it should come out of it with some additional gain (perhaps trade around 4c). It's now hovering below pre-spike levels. For me, holding for 12mths to get the CGT discount was an additional incentive to hold on.

Ah well, it can sit there in the bottom drawer, with its mates HDN (my mistake), JMS (sigh) and IRL. At least I haven't lost as much on MHL as I have with those 3.
 
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