Yes, but take heart. If it were just MPV, one might suspect
someting was wrong that wasn't being revealed. However, DMM is
taking a drubbing, so is ABZ. The market has been on a high,
]the volatility has increased. There is a great deal of nervousness.
Many people are margined. (Me, too, unfortunately) That means
covering with cash or selling off stock, voluntarily or involuntarily.
A tremendous amount of liquidity has been taken out of the market
with the drop of the gold stocks. KRY, the diamond stocks, Voisey's
Bay have all contracted. Short sellers have been doing well but
they only add to the downturn. People in cash positions can simply
hold on. Or, if they've got the assets, watch for a bottom. MPV
goes down any more and it'll be like buying dollar bills for
quarters. I've been watching for DMM to go to 20,00 but by
August it may be a better by than that. Disheartening, though,
if MPV had come out with the recent results a couple of years
back, the stock would be on a bull run. |
