C'mon Bald Man,
LMNE was up more than 3% today (a total of 8 cents)! Let's hear a little more gratitude and appreciation from you........
If I could read the market action in MRVC and LMNE over the days since the LMNE SEC filing(1 week?), in the form of a communication to Noam, I think it would be something like:
"OK, NOW what have you got to say for yourself?"
And if the answer is not very convincing, then I think we are well positioned for a retest of the $5.09 low. I think we have a ways to go below that, personally. After all, $5.09 is $10.18 pre-split.
I remember a lot of time in the pre-split $6 to $9 range. Of course MRVC has a lot more going now than then. But the market itself is on the mat.
Why did we rise from $6 to 9 presplit to the hugely higher levels? -- possibility of spinoffs, momentum players and a crazy market.
Right now the spinoff matter is still a question, only momentum players are probably shorts, and the market is... (well you know).
Personally, if MRVC goes to $2, that's OK by me. I would love to buy a huge slug of shares at those prices. Right now, though it may be heresy on this thread, $5.09 is not cheap enough for me.
Namaste!
Jim |