Morning folks,
Here's the way I read the news:
News was very positive in it's own way, simply put NASCAR will use their product in return for what???? Advertising...Endorsements???
We are just speculating.....
Unfortunately & regardless just how good a product MRPS makes, I think there is a retrenchment coming starting around 9:45 a.m. as the "sell on news" players bail....
BUT....Can you imagine where we will go today if everybody just doesn't sell....& the buys keep coming in like yesterday....we would close in the $3-$4 range....
From my experience in the BB's, & since the news was not about contracts, earnings, or numbers in general, we (all the longs) have a big job ahead of us today just trying to keep the price stable....
Don't forget, it took us days to get the price to where it is & considering that 2 1/2 mil of a 3.9 million float traded just yesterday alone, I believe that if everyone just hangs in there, regardless of how hard the MM's try to shake us out, that we will be able to create a support base in the $1.75-$2.00 range that will be as solid as concrete.
There can't be that many shares left out there in the free float & if the MM's manage to gather 500,000 in a shake out, I feel they will be quickly reabsorbed before this day is over.
Essentially, as a team, we could control the volitility of this stock.....
JMHO.....Any comments?????
T. |
