Posted On: 07/15/2016 11:43:53 PM
Post# of 1782
Well, chart says , a weak close today on a over bought chart
http://stockcharts.com/h-sc/ui?s=MFST&p=D...6256352510
Next week base around .012-.013 IMHO
Charts do not lie and with todays trading, no one will chase a HOT chart till it cools off IMO.
After the base, if there are new catalysts (financing, debt restructuring etc), the next leg can start.
Let's see if the BIG BOYS (?) move this higher without cooling it off first...
Smart money was selling heavy today at every opportunity as per L2 tape.
This is why 23 mil shares of volume resulted in only 5% gain.
Hopefully the note holders do not sell too many more shares next week.
Today I saw at least 3-4 million shares of dilution. That's like 10% more float added in just one day.
Still do not understand how a CEO can give out 10 mil shares for a note of only $1000.00 ? As per filings...
It's mind boggling to me quite frankly.
Have a wonderful weekend and best of luck here.
http://stockcharts.com/h-sc/ui?s=MFST&p=D...6256352510
Next week base around .012-.013 IMHO
Charts do not lie and with todays trading, no one will chase a HOT chart till it cools off IMO.
After the base, if there are new catalysts (financing, debt restructuring etc), the next leg can start.
Let's see if the BIG BOYS (?) move this higher without cooling it off first...
Smart money was selling heavy today at every opportunity as per L2 tape.
This is why 23 mil shares of volume resulted in only 5% gain.
Hopefully the note holders do not sell too many more shares next week.
Today I saw at least 3-4 million shares of dilution. That's like 10% more float added in just one day.
Still do not understand how a CEO can give out 10 mil shares for a note of only $1000.00 ? As per filings...
It's mind boggling to me quite frankly.
Have a wonderful weekend and best of luck here.
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