Bill, why would MWK bother manipulating price down for Nasdaq entry?
Seems sort of like the B-movie where the coward beats himself to stave off
a beating by the bully.
Historically, entry to Nasdaq should mean that cheap little "Cdn"(?) stocks get
exposure and appreciation, thus climbing. Viz, AEC (oils).
Logically, MWK goes to Nasdaq to rise in price.
Since I am but a 1-year-old baby in the stock world, I may miss what the
old-timers take for granted.
Still, MWK keeps on its fatal preoccupation with PowerPC/Apple/Mac,
which seems doomed. Will Apple EVER lose its death-wish? Will IBM
ever make a profit on PCs? (Maybe it does on Power PC?)
Chart-wise, MWK may have support at $13, and failing that, at $11.
Fundamental-wise, the Q2 percent results look great (426% rise in E.) but
the absolute dollars are tiny for so many (10 million ) shares.
Excuse my random gibberings,
still trying to learn,
Fred B. |
