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Community


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Online Share Trading

Engage and learn about markets and trading online

A near vertical takeoff...

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topgun
Super Contributor
and not even a whisper on this forum about the best performing share on the market...:-)
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6 REPLIES 6
Not applicable
how on earth would you have even considered this share in June?
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Preston
Super Contributor
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Werner_1
Super Contributor
Hey Topgun! you still around! hows things?
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topgun
Super Contributor
Hi Werner, I am just fine thanks - still enjoying the vicissitudes of the market. Skaaptjop, MMG has a 100cps in cash on its balance sheet and traded down to below 150cps earlier this year. I have however been trading this one for some time waiting for the eventual tax settlement between King and the authorities. That seems to have sparked the frenzy, similar to the one previously experienced in Specialised Outsourcing. Who knows where this one will trade to before the eventual and inevitable blow off?
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keng
Contributor
Hi topgun. I remember the days of SO very well with everyone in the office climbing in. Personally I'm not impressed with the massive increase in price due to the tiny number of deals and volume. Not saying that Mr King won't drag the crowds in again some day but who knows
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topgun
Super Contributor
Well, notwithstanding the low volumes, the price has leapt and the offers keep on being taken out...will see where it turns, but certainly seems very overvalued at these levels. Have in fact taken some profits. Not recommending it at all as we have seen the frenzy before and how it ended...
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