Posted On: 10/28/2013 2:14:27 AM
Post# of 5570
MPIX Daily Chart ~ Back to the Bottom of the Channel
MPIX is back to the .005 level where it's found support numerous times since late January. There's not much to see on the chart other than the indicators becoming more oversold as each day goes by, although not as oversold as they were back in Sept. IMO, MPIX is cheap but the company will have to deliver the goods and execute their business plan, which we all hope is coming. I'm often asked where are all the shares coming from. For those that are able to continue accumulating, very nice. For those looking to enter, the share price is obviously at the lower end of the multi month support line. We saw approx 4 mil bidding most of the day Friday with very few orders being filled. Could the stock break lower? Of course. Does it matter? Only if you need to sell. As I've mentioned many times, MPIX is a longer term hold but the T.E.A.M. obviously lost almost six months in getting the admin issues repaired. It's time for news now, and most of us are more than ready.
MPIX is back to the .005 level where it's found support numerous times since late January. There's not much to see on the chart other than the indicators becoming more oversold as each day goes by, although not as oversold as they were back in Sept. IMO, MPIX is cheap but the company will have to deliver the goods and execute their business plan, which we all hope is coming. I'm often asked where are all the shares coming from. For those that are able to continue accumulating, very nice. For those looking to enter, the share price is obviously at the lower end of the multi month support line. We saw approx 4 mil bidding most of the day Friday with very few orders being filled. Could the stock break lower? Of course. Does it matter? Only if you need to sell. As I've mentioned many times, MPIX is a longer term hold but the T.E.A.M. obviously lost almost six months in getting the admin issues repaired. It's time for news now, and most of us are more than ready.
(0)
(0)
