MPIX Weekly Chart ~ A Story of a New Global Entertainment Company
Good Evening Everyone. I just wanted to share the following chart. It is the MPIX Weekly Chart, and it is beginning to show a developing story. After reviewing a few stock charts this afternoon, I thought I would drop in a few arrows to better tell the tale of MPIX as I see things emerging. Also of huge importance is the volume which I've circled in blue.
Take a few minutes and look at the big picture here. In late 2011, MPIX rose from .001 to as high as .0885 on relatively low volume. No wonder, as the OS was only about 55 mil back then. I wasn't around back then, but I'm told from others, who were invested at that time, that the selling volume began gradually increase along with the OS and float. I placed a red arrow at the point in time where I believe the ex-management massive, share printing, share selling machine began. After the price collapsed to as low as .0006, there appeared to be a substantial rally possibly from a dead cat bounce or the belief that the old team was actually begin to deliver something. After that rally failed to hold at .0076, the stock began to decline again. Look at the big increase in volume. Again, just my opinion, but it appears the share selling began in to get into second gear. A few of us began to buy a few shares near the double bottom in the .0008 low. The stock price began to rise due to the news of ZZYX Entertainment partnering with MPIX. I drew in a yellow arrow at the approx time when ZZYX came on the scene. The stock moved from the low of .0008 to hit a high of .02. Unfortunately, all the shareholders where then stabbed in the back with a huge OS increase from 775 mil to 1.35 billion, which resulted in a collapse of the share price to the .00s. Various events began to transpire, including the appointment of Rick Garson as COB followed by his appointed to CEO after the old CEO resigned, and a few releases that suggested MPIX management was on the path of executing things. After months of channeling between the .005s and .007s, along with very little to come out of management, we come mid to late April, my second yellow arrow. Saul Federman is announced as MPIX's new COO. One week later, Victor Siegel accepts the position of CEO. The stock rallies sharply in one week from the .005s to a high of .019. Unfortunately, the constant flow of selling pressure began again, and the stock price slowly fell again into the .00s. At this point, my third yellow arrow comes into play as shareholders now see restated and completed financials that are now 100% accurate. The share price is now once again near the .019/.02 previous tops where the stock failed to move higher in the past. The difference as I see things now is that we now have a new company, new management, new board, new filings, old share selling management gone from the picture, and a brilliant future ahead for all longs. I believe the previous highs at .02 will be taken out very soon, and a test of the highs of Oct 2011 will be upon us in the not so distant future. GLTA
Good Evening Everyone. I just wanted to share the following chart. It is the MPIX Weekly Chart, and it is beginning to show a developing story. After reviewing a few stock charts this afternoon, I thought I would drop in a few arrows to better tell the tale of MPIX as I see things emerging. Also of huge importance is the volume which I've circled in blue.
Take a few minutes and look at the big picture here. In late 2011, MPIX rose from .001 to as high as .0885 on relatively low volume. No wonder, as the OS was only about 55 mil back then. I wasn't around back then, but I'm told from others, who were invested at that time, that the selling volume began gradually increase along with the OS and float. I placed a red arrow at the point in time where I believe the ex-management massive, share printing, share selling machine began. After the price collapsed to as low as .0006, there appeared to be a substantial rally possibly from a dead cat bounce or the belief that the old team was actually begin to deliver something. After that rally failed to hold at .0076, the stock began to decline again. Look at the big increase in volume. Again, just my opinion, but it appears the share selling began in to get into second gear. A few of us began to buy a few shares near the double bottom in the .0008 low. The stock price began to rise due to the news of ZZYX Entertainment partnering with MPIX. I drew in a yellow arrow at the approx time when ZZYX came on the scene. The stock moved from the low of .0008 to hit a high of .02. Unfortunately, all the shareholders where then stabbed in the back with a huge OS increase from 775 mil to 1.35 billion, which resulted in a collapse of the share price to the .00s. Various events began to transpire, including the appointment of Rick Garson as COB followed by his appointed to CEO after the old CEO resigned, and a few releases that suggested MPIX management was on the path of executing things. After months of channeling between the .005s and .007s, along with very little to come out of management, we come mid to late April, my second yellow arrow. Saul Federman is announced as MPIX's new COO. One week later, Victor Siegel accepts the position of CEO. The stock rallies sharply in one week from the .005s to a high of .019. Unfortunately, the constant flow of selling pressure began again, and the stock price slowly fell again into the .00s. At this point, my third yellow arrow comes into play as shareholders now see restated and completed financials that are now 100% accurate. The share price is now once again near the .019/.02 previous tops where the stock failed to move higher in the past. The difference as I see things now is that we now have a new company, new management, new board, new filings, old share selling management gone from the picture, and a brilliant future ahead for all longs. I believe the previous highs at .02 will be taken out very soon, and a test of the highs of Oct 2011 will be upon us in the not so distant future. GLTA
