This is my opinion and I by no means speak for the whole thread.
By looking at the bid-ask volume, the institutional trades and the price fluctuations for all of this week, I think that we have finally bottomed out. This stock is way oversold and it is a steal at these prices. The weekend presents a great opportunity for traders to re-evaluate a stock, you can say it is a natural and a long period trading curb. Many seious traders will have the opportunity to research MRVC and they will come to the conclusion that this stock is fundemantely very healthy, is'nt that what counts in the end? So, I don't really care if MRVC is below, above or on the side of the 50 day M.A or any of this technical bull; a great and solid performance like that of MRVCs shall and will be rewarded. After all that has been said and done this last week, I have a hunch that MRVC will have to rebound this coming week or something really wrong must be going on, typically stock manipulation, company screwed-up books etc.
Last but not least, I have a friend called Roger and every stock he longs will deffinitley crash, he is a walking short detector and does'nt know it. Guess what? he bought MRVC last Friday and the stock drops 5 points on Monday, he did the same with IOM, ORCL. The good and encouraging news is that the moment he sells the stock seems to rebound effortlessley, thank GOD he sold MRVC at 23 1/2 today. |
