OTCQX:MRVFF - Post by User
Post by
controlpanelon Jul 21, 2010 11:09am
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Post# 17284735
What a pain !
What a pain !I share everyone's concerns about management and the share price. However, Experience tells me that turning points happen when more than 90 % of investors turn either bullish or bearish. On the FDA approval, more than 90 % were bullish. Today we have the opposite. . This sentiment indicator is used by professionals to forecast turning points. Every bear market will experience some kind of panic selling in itsfinal stages, where subjectivity and unrealistic thinking cause people to sell. I don't know if we reached a bottom or if there is more decline on the way, but I can tell u I'm starting to see the first signs of a bottom. The technical indicators have been trying to breakout recently, but that needs a strong catalyst. When there is no strong catalyst the price is forced to decline. I'm hoping the quarterly results would provide such a catalyst. By the way, I don't agree with Blackascanabe on all his points, but I commend him for being consistent and focused. All IMO