Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (950)	12/5/2006 10:57:24 PM
From: Jibacoa	Read Replies (1) of 1404

MTMC Has reported 4 Qs of better revenues, but apparently most people were looking at the persistent losses & not paying any attention to the persistent insider's buying or the fact that it was selling around 0.25xBV with a +CF & insiders were reportedly holding more than 60%(the floatis only around 2M.<g> ) In spite of their reported loss of $0.99/shr on the 2ndQ, the company stated on Nov.13 that it "continues to expect that annual revenue for fiscal year 2007 will be in the range of $300 million, with service revenue representing about 23% to 25% of total revenue. From a profitability perspective, the Company currently anticipates that it will return to at least break even EBITDA in the third fiscal quarter, with further improvement dependent on the growth in revenue. This financial outlook replaces any previous financial guidance." The stock tried to move up on Nov.13 & it traded up to 2.14 but in spite of further insider buying it drifted down to 1.50 on Nov.30 while the volume came down to 3,800 <g> But on Friday the volume increased to 134,100 as the stock started to move upwards & today it had a good spike, trading as high as 3.90 at 9.55AM, albeit it drifted down from there closing at 2.50 <g> bigcharts.marketwatch.com The stock needs to close above the $3 level in order to be able to test its July H at 4.50, but if it can do that it would be an 80% gain from present levels.<g> bigcharts.marketwatch.com With some further positive news the stock could test the $6 level & that would be 300% gain from the $1.50 level of last week.<g> bigcharts.marketwatch.com Bernard

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