MCF vs. IWM: A 3rd opinion...
IWM has moved up about 50% in the last 13 trading sessions. MCF has fully doubled in the last 4. So how can you say that IWM is moving more easily? With the double in MCF, one would expect more profit taking, and considering the speed at which it moved, one would also expect more shorting activity than is happening on IWM. Also, given that MCF's previous 5Million share day was in the same price range as today's activity, one would expect a great deal of resistance. Likewise, I would expect some resistance on IWM before it breaks through the $2.00 - $2.10 range. I definitely give the edge to MCF, and I think today's activity, particularly the recovery from the dive to $2.06 is very positive. Further, today's action will have been an attention-getter, and given the potential of MCF--which nobody seems to be disputing--this can only be a good thing. With over 10Million shares now traded at current levels, this one is basing for a move to the next level, IMHO.
Just my opinion...
Cheers, all.
JP |
