I am a firm believer that the IPP sector offers exceptional reward for the next 6 - 12 months, even after the huge moves that we have seen in the sector. I consider MIR one of the stronger players of the almost deads. The lack of a report was a big negative, and the issuance of the report clears that up.
the 6 month chart: stockcharts.com[h,a]daclyiay[de][pb200!b50!f][vc60][iut!Lh14,3!La12,26,9]&pref=Gchart: is obviously extended,
but the 2 year chart: stockcharts.com[h,a]daclyiay[de][pb200!b50!f][vc60][iut!Lh14,3!La12,26,9]&pref=G shows me a breakout above the 200 DMA and points to an area between 7 and 10 as a likely target.
remember, i am not a trader. I am trying to take key positions in stocks that i feel have significant upside potential, then trade small positions alongside the core position. larry |
