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MMS - McMillan Shakespeare

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Which gap are you talking about?

Its been following CBA (green line) pretty closely last few days. Guess thats where traders look for direction.


$12 is also the 161.8% extensive of the primary $6.75 to $9.97 bounce.

Also I note there is a gap to be filled @ $10.42 to the downside.

Probably any combination of these factors
 

sorry if I made no sense, im still learning; maybe I should just keep my mouth shut lol. I was talking about the gap at around 11.50 to 11.80, if that makes sense
 
db94 said:
sorry if I made no sense, im still learning; maybe I should just keep my mouth shut lol. I was talking about the gap at around 11.50 to 11.80, if that makes sense
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Oh right yeah, the gap this morning that got filled pretty quickly.
 
I was expecting today be similar to the one before and the gap at around $10.40 to be closed. It kind of bounced around the low $11's. It should hopefully slowly crawl higher as the election date nears
 
db94 said:
I was expecting today be similar to the one before and the gap at around $10.40 to be closed. It kind of bounced around the low $11's. It should hopefully slowly crawl higher as the election date nears
Click to expand...

Was a good day up 2%. I think tomorrow will be the same. Abbot on the 7.30 report categorically ruled out following Rudds fbt policy. Looking good.
 
Australian Labor Party moves from $5.50 up to $6.00 to win the election now they appear to keep going up as the election drawns nearer. Lets see if that is reflected in the market.
 
Hodgie said:
Australian Labor Party moves from $5.50 up to $6.00 to win the election now they appear to keep going up as the election drawns nearer. Lets see if that is reflected in the market.
Click to expand...

It had before and it most likely will again.

although Im not sure what time the odds had changed. It may well have been why the stock rose yesterday
 
db94 said:
It had before and it most likely will again.

although Im not sure what time the odds had changed. It may well have been why the stock rose yesterday
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Yeah im not sure either, I checked 2 days ago but didn't check yesterday. You could be right. The main point here is the fact that as the election draws nearer confidence continues to grow for the Liberals.
 
twojacks28 said:
Was a good day up 2%. I think tomorrow will be the same. Abbot on the 7.30 report categorically ruled out following Rudds fbt policy. Looking good.
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The Libs have been very consistent about FBT policy. MMS is a $15+ stock post-election trading at just over $11. With the market looking to move down about 1% today it will be interesting to watch investor sentiment towards MMS.
 


It broke through the 11.45 resistance mark today. With the upward wedge, I was thinking of buying this morning but as the rookie I am I doubted my instincts and hesitated Bugger

Plenty more opportunities around the corner though Back to the drawing board for me
 
Update on the odds. Labor now at $6.50 and coalition $1.11

could break $12 mark in the next few days
 
db94 said:
didnt happen today although there was a massive spike in volume at the close pushing the price up from 11.46 to 11.58
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No, but it got close, a high of 11.95. Was a good result in the end with the market down overall today. Early next week it will get there.
 
db94 said:
Yep. This time I'm gonna sit and wait till after the election
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I think you will be rewarded for doing so. While polling numbers seem to be fairly stable at around 52/48 to the coalition, the polling in the marginals is overwhelmingly in favor of the coalition. Only a miracle would see Labor win this election from here.

Post-election pricing for MMS is now what I focus on. I don't expect MMS to reach it's prior high $18.64 any time soon after the election result since there will likely be heavy profit taking on the way up. Having said this, with their business model restored and weaker rivals crippled, revenues should return to normal quickly. MMS financials were impressive and likely to be so again post-election.
 
I think the Lib will win but I wouldn't be too sure as
past events tell you sometimes people tell you one thing in poll and vote another in polling booth ..

if this is the case those margin seats the result will still be 50/50 ......

sometimes electorate passively tell you in poll number so you do something about their seat and votes the other party on polling day..
 
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