MPIX Daily Chart...... Nothing to Worry About

MPIX Daily Chart...... Nothing to Worry About

Imo, we saw a healthy pullback yesterday with a 10.2% correction after a four day 200% gain. I'll take a small consolidation like that anytime on day five after a run like that. As with virtually any move which sees a share price move outside of the upper bollie, the price always comes back inside. While Friday morning began with the upper bollie at approx .003, the stock price increased to .0054 with the UB only getting to .0034. During the correction yesterday, the share price held the .004 level while the bollie moved to .004. Another day or two of sideways movement, trending between .004-.005, would be a good thing. Allow the sellers/profit takers out, while the longer term shareholders or new investors absorb those shares. As most of you have stated, use the pullbacks to enter or add. I would really like to see news this week though to hold the share price at least at this level. If the stock gets thru the highs of .0069-.0076, it would bring a test of the MA200 which is at .011 today. Obviously, should MPIX secure funding from its Investment Banker, that could really send the stock into the low pennies. One should note that today's red volume stick was the third lowest since early October, and that's a good thing. GLTA