MEL

Like many stocks in Australia which are doing poorly at the moment, only when someone with a deep pocket wants to buy a big chunk of a company, then only does the market realizes how valuable it is.

Take MEL which has been in the red for a long time. Luckily I participated in the SPP recently because I believe it has great prospect. Yet, the market is uninterested in its true value for so bloody long. So today, there is a rumour that it is going to be taken over. Hence, it spiked.