Hi David,
If you look at SI chart for MRVC for the last 30 weeks (I choose 30 so we don't have to look at that awful 1 day plunge in August), you will see that MRVC has been making a $5+ - $9+ move every 2-3 months. Good money can be made on those cycles, even while we wait for our ship to arrive. These were 4-6 week up cycles, just prior to earnings. Hey! It's just prior to earnings now, ain't it?
If we drop into the $5s, I will just buy more. The $5 level is safe, IMO as Nasdaq requirements might come into play and MRVC could be forced to buy - and they have the money to do it, they just don't want to. Actually, at that level, they have the money to buy up ALL the shares, don't they?
Dana is nothing but sour grapes these days - but I will defend his right to say it, as a long term investor who got hurt. But he could have been playing these cycles too, as I have, instead of whining.
techstocks.com
Oh, for anyone who wants to review Nasdaq listing requirements, see:
nasdaq.com
while it doesn't talk about $5, I think that is a key psychological level. MRVC held at $5 1/16 as it's low. |
