Jan. 21 at 3:30 PM
$MLCO
Thankfully I have been trading this stock since its IPO at
$17 in 2004 and never “invested” in it.
One observation from trading it is that it just does its own thing, seemingly at random.
This could trade to
$5 or fly up to
$9 and it may have nothing to do with actual performance of the business.
Have to wonder if this crash in the price is a delayed effect of the dilution that took place with the Hong Kong listed shares last year.
The 0200.HK basically doubled the share count to pay down debt, an at the time the stock rallied, which was really suprising.
