MEXP - 30% of the volume in the last 5 minutes of the day - a good sign.
On thing I have noticed on MEXP's prior runs, the strong & prolonged runs start when we see the ''professional'' oriented smart buying primarily at the close - this is what we are seeing of late...today; 20K + in the last 5 minutes - nearly 30% of the days volume in the last 5 minutes...
Again; we bust out tomorrow from the open imho and $3 by friday perhaps... ?
Technically; we are just a tic, or two away from a classic ''V" bottom and a breakout over the 50 day moving average - we should cross that tomorrow, or soon thereafter - and watch the mo-mo arrive...
*** Frank Gretz a technical analyst on CNBC is going over a chart on ORACLE here; commenting on its ''V" bottom and a break over 50 dma !- the same technical breakout that MEXP is showing !
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For those just wanting to dip their toe in MEXP:$10-$25K investment; and if I am correct; here's what 3+/- days could do:
On 5,000 shares of MEXP - from here to $3 = $4,000+ profit
On 10,000 shares of MEXP - from here to $3 = $8,000+ profit
Using what is probably a ''good'' position for our average SI member:
On 25,000 shares of MEXP, an investment of $54,687 - from here to $3 = a cool $20K + profit. - turn around and buy $20K of ''zero cost basis'' FLC & DO calls - imagine the upside...
For anyone who has been accumulating in a large degree, or who cares to from here:
on 100,000 shares of MEXP - from here to $3 = $81,000+ profit
............................................. from here to $4 = $181,000+ profit
......... from here to my $5 XMAS target 1999 = $281,000+ profit
........ from here to my $16 XMAS target 2000 = $1.3 Million + profit.
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Just running the numbers in my head as I type.... merely considering the possibilities.... $$$ |
