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AverageInvestor : Id say the market is reacting to:
1. Crypto bearish look: directly related to MyEG’s business.
2. Jittery global market: with US bearish sentiments due to all the uncertainties from tariffs + Overvaluation correction (By end of 2024, most US stocks were inflated)
3. PP: the decision could not come at a worse time. Inflated crypto market + Good growth & results may have been the reason for their decision. I almost am certain the last month’s events were not taken into consideration.
In summary, MyEG is on sale at the moment, ill be buying. To get back up, positive quarter results + clear plan (and possibly prelim results) with the raised funds to justify the PP.
Price will bounce in a quarter or two to 0.97-1.02
Max The Water Blower OP AverageInvestor : Nice points! at the moment i am waiting for new support, so I will still be holding on until the next quarter result.
AverageInvestor Max The Water Blower OP : That reminds me, to answer your question, new support @ 0.78rm (Start of 2024 price).
101517830 : This partnership with China will carry significant risks.
103421772 : HE is a major player manipulating small stocks, having announced the pricing of special stocks twice, each time falling below expectations. Who is willing to buy them? There's no chance to leave before you; one can only endure the pain and Sell.
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