MERUS LABS INTERNATIONAL INC T.MSL

The stock price

[sicnarf2]

Appears to be trickeling down.

[Craigbad]

Stop loss recommended at $2.02, probably people hunting it and dangerously close now. Support is listed at $1.65.  13 bearish indicators, one positive but turning down again.  Whole sector getting destroyed, not looking good right now.  

[BearBullBrian]

In a correction, sectors with the greatest gains produce the biggest downside. It's a source of profits for many and helps some investors balance out the losers. This activity produces big opportunites for others with cash on hand. BBB

[curiousbuild]

Canaccord steady buyer today, I bought more too.. I assume a lot of retail stop losses and margin calls happened yesterday and today..  CB 

[Craigbad]

Hearing MM's possibly selling poitions to buy shelf prospectus when company is ready to make a purchase as they will buy at or below market price, which makes sense. Strong downtrend in place, best to stay out of the way and let the players play. Once they make a purchase we should see a turnaround.

[Craigbad]

Market is expensive for buying companies right now and Merus is looking to buy at the right price.  It may take some time to find the right purchase, be patient if you're long it could be some time before the right deal comes up. Hopefully by spring things will look up!

[peter75]

Craigbad with al due respect you are way off base merus has 45 million plus sitting in cash ! The notes are interest bearing at 5 3/r percent there is no way that they will wait six plus months to pull the trigger

[curiousbuild]

What if market price $3.25 let's say.. Not sure I get the logic behind your scenario..  What if there was no sell off on markets this week?  CB 

[Craigbad]

Arguing with indicators has lost me money in the past so i avoid it.  The stock is just off the stop loss of $2.02 and in a weak market it is likely to hit that trigger and test support at $1.65. Technically it should hit at least $1.90, Mm's know this and there is no catalyst to keep holding the stock short term.  Target prices for next year include them making a deal and deals are

[curiousbuild]

Well there must be 20M+ stop losses at $2.02 then.. %40 retracement in two weeks, I don't say it won't go another %80 down as anything is possible in stock markets..  We will find out how Monday will roll as Chinese markets open on Sunday evening..  GL CB