The stock did pretty well during last week storm, and as others recovered Friday, 'started' to go down.
I am not aware on any 'bad news' since the positive conference call, and expected that MACR would go up as soon as the market recovers.
I try to understand what is going on, and come with a series of possible explanations :
a- volume in MACR was limited, everyone was busy with the movers. The laters experienced huge gains (at least some I follow, DCLK, COMS,...) possibility due to shorts covering?
In that case, Monday and Tuesday should be good for MACR
b- MACR stock did not really build the momentum after the conference call. It kept the interest of current longs during the last few days, but few 'new' shareholders since the stock did not plunge and may not present a buyer opportunity. In that case, new upgrades will be necessary to get the momentum for us.
c- Something bad? like most long, I believe that this should be higher, at 20 quickly. I don't understand why not everyone sees it. Now, I may miss something:
- their exposure to Asia?
- anything else?
Thanks to help me see clearly by Monday opening |
