Ron, nice essay on your assessment of the reality out there.
Thanks 3D!! Welcome to SI! Btw, I like your handle. I'm surprised someone hadn't captured it earlier... :0)
The Daw Woo release is interesting, but it is still a Korean firm, whereas Shanghai Thakral is a Chinese firm, a definitive edge in that marketplace.
I also am frustrated at the lack of news from MUCP, but I'm a patient shareholder so long as I feel or sense that the best news is still ahead.
There is a reason the stock has moved up on little to no news. There is a reason that the trading in the stock was VERY tight with little volatility until Thursday's correction.
However, IMO, the fact that we corrected BEFORE news was released. Anyone who sold the stock did so out of frustration, a sense that the momentum was ahead of itself, or (I hope) from short-sellers taking advantage of the situation in order to make a few bucks at our expense.
Anyone who is short runs the risk of news being released soon. News that may clarify the significant claims of the previous two (read contracts), and substantiating the belief that this company is in the midst of a major turn-around.
That will mean a rush to cover in the face of new money looking for shares and potentially much higher valuations. Here's to hoping that a bear trap has been set and that MSU will come through with the goods in time to trigger it.
Again, just my impressions and opinion.
Regards,
Ron |
