W-1,
I think the next move is definitely up after taking a close look at the company. To me the only issue at this point is, can they get sales up. If they can , MUEI will take off like a rocket!!
From Prodigy's Strategic Investor institutions seem to be accumulating last quarter, buying 12,695,000 shares while selling only
8,171,000, and the previous quarter was 12,289,000 vs. 5,378,000 sellers, and there are actually 2,274,000 shares sold short, which eventually will have to be covered. Also very low volume again today, only 298,200 shares traded, there are obviously no sellers left and any shares put up for sale are quickly being bought up. With only 32,700,000 shares in the float (MU owns 64%) once the turn finally happens the move up could be significant. Last year the move started around the first week of June!!!
Pat |
