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11:37
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Originally posted by Biggsy 07
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I really enjoy reading your posts...From what I see as a complete novice is that MYX is ever so slowly grinding upwards which will hopefully continue over time. I guess if they plan to and do in fact begin making inroads on their debt levels that this will impress and somewhat relieve the market. As you say there are a lot of shorts to be covered out there if something should go horrendously wrong like MYX coming out with a surprise announcement catching the market off guard. Should that happen investors will get a better idea of the true value of this company which is said to be undervalued. For now the shorts seem safe and to be controlling the game but it can be a very dangerous game to be playing for them if they get it wrong as the long term investors come in and slowly buy up what some of us consider to be an undervalued company. This should be an interesting play to watch over time, looking forwards to the day that hopefully this company explodes out of the starting blocks. I don't really understand why it's not a potential takeover target given that it is said to be undervalued by some brokers perhaps it's due to debt levels. I have 60000 of their shares and feel happy to continue to hold, it's tempting to buy more but best not to over commit to any company I guess so I'll leave it up to the market to determine the true value of this company as we all will so fingers crossed for everyone that's taken a risk on this company...and it's nice to see recent buying by committed long term investment companies like Lazards...GLTAH
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Thanks my friend.
