MPIX Daily Chart Chart stinks, no doubt. I add

MPIX Daily Chart

Chart stinks, no doubt. I added more today with a few friends. Those accumulating the .004s to .006s will be looking good as those who have been accumulating all along from .0008. Imo, even those who bought up to .01 last week will be happy once MPIX begins to execute. As I've mentioned before, MPIX isn't a short term hold for me and a few friends. Upon the news we've been waiting for, I would hope to see a test, over time, of last year's highs of .0885. As to the current daily chart, the overbought conditions of two weeks ago have obviously resulted in a selloff not much different than the ones earlier. If you sold a few near the top, nice trading. For those of us that continue to accumulate during the moves up and the subsequents dips, while waiting for the much larger move, also a good move. All the indicators have been in a sell mode for just over a week now. Although it sucks looking at the acct balance, these corrections aren't a bad thing. This allows those still building a position to enter at lower price while the flippers and shorter term traders sell. Nothing wrong with making money through swing trading. Just like those that sold for a quick flip when the stock moved from .0008 to .002, those that bought in the .003/.005 range and sold in the .008-.01 levels made money. Those that held from .0008 to today are up much higher than the scalper. But everyone has their own trading style. Some will never say a word. Then there are those that will PM you bragging what fantastic traders they are (probably while playing with themselves in the bathroom, lol). Most of those guys are scammers, liars, losers or all the above. Don't worry about the scumbags as they'll always be welcome on other sites. The Investors Hangout is for honest investors who are here to help each other.

As I said, the chart is not pretty at the moment just as it wasn't when the stock was trading at .0008 in October. I received a lot of messages in early November when the stock fell from .0054 into the .002s. My only suggestion was to complete your DD, watch for a reversal, and those that held at both bottoms, are up sharply. I am expecting these intraday lows of the .004s to also set up and prove to be a bottom. Short term the stock is week, but that's what separates the nervous from the real investors. Use the pullbacks to your advantage if you believe in the future potential of the company. GLTA