Yes, I agree ... all of the bad info, whatever evil which had to happen to MRVC is out and already happened. A 3 month bullish pattern on the chart has not been violated yet. All scaredy-cats :-) are already out. Before earnings and eventual upgrades, analysts and MMs have no incentive to let the price drift up right now. This should allow them to fill-up their bellies first imho! Now, its all upto the MRVC management. If they want to see the price at the 15 levels after earnings, they may assist by an early, earnings-unrelated, positive news release (so as to take it first to 11-12 level) and then eventual upgrades carrying the torch to 15 level. Else, they may prefer to wait out at this stage, let the analysts do their job first, watch market's reaction, and as soon as it shows signs of hitting the resistance at 14 level, release the new trick from their hat and then let it drift up to 18-20 level. Mark these words right here ... either one of these 2 possible scenarios will most likely play out imho! Certainly interesting times ahead!
regards to all,
-/Sonny. |
