$MPIX 50 DMA holds strong Yet another attempt to

$MPIX 50 DMA holds strong

Yet another attempt to break the 50 DMA in the last moments of trading today. The bears dumped 2 million shares into bid at .004, having done something similar in the last minute of trading yesterday, in an attempt to break support and shake out weak hands.

It has once again failed and price closed back up at .005 just a little below the 20 DMA. Shakeouts like this generally precede big moves and if you read the news today regarding Westor, $MPIX is likely on the brink of a major move up.

Through their new IB relationship the firm will have the ability to reach out to more investors via road shows, the IB's institutional sales desk, and grow their business.

Lastly, anyone who makes an argument about dilution has likely never actually been in a diluted penny stock. In such a scenario record number of shares are indiscriminately dumped into bid all day long like a broken fire hydrant.

This business of whacking the bid at the very end of the day on a million shares is the work of someone who wants to supress the price. If you look at the July volume there were 4 days in a row with an excess of 20 million shares traded and price went up. That is high volume for this stock which was probably a naked short squeeze.

Once again this stock is poised for a rally. The 50 DMA is holding, a shakeout is occuring, and just today the firm got very good news. Watch for this stock to start showing up in penny stock newsletters shortly and magically appearing on the penny stock promoter list.

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