In after hours trading on Friday, MRPS dropped from 1.218 to 1.093 and 1.187. Orders were from a 3500 order down to 300 shares. (Source PCQuotes.com). Internet Stock News (.com) says, "Investors may want to be somewhat cautious in the coming week. Rising interest rates are sure to cause a panic among some institutional investors, panic that could lead to a sell off in many securities." If this turns out to be a fact, traders and Institutional Investors may wish to divest themselves of shares and turn it into cash until the market settles down. If so, I'll probably buy some more MRPS, but I have to be convinced that, If the sell off occurs - it doesn't run MRPS down low when I just bought in at $1.00 or $1.12, so, I'll have to see what happens as the MMs open at 9:30. Will they push the price up, then hammer it? Or will they hammer it first, then push the price up? Will the DOW, S&P and NASTYDAK dump shares and take their profits, or will they climb higher? None of us will know until it happens. I looked at an Internet IPO Friday ITRA. As I expected, it took off from it's 16 offering point and ran into the 20s. As expected, it was crappy timing because the overall market dumped, so the IPO actually retreated all the way down to 18 5/8. A lot of traders/investors took a $6/share bath on it. Will it go up on good news? Who knows? Hopefully, the big news on MRPS will be big enough to warrant buying at some number not yet known. We'll know Monday if it climbs, then dumps - or dumps, then climbs. Good luck to all,
re:MAX |
