RE:By the way OffYourMedsrodentrocktroll wrote:
Question is do we see green again tommorow on mxr? Likely but the real bang is comming and I will order you a plate of crow
RodTroll: MXR is up today on no material news. Experienced investors call the share price bounce today a "BB" trading pattern. Folks who have been around for a while know that "BB" stands for a "Baggie Bounce". It gets it's name from the way inexperienced investors are fooled into thinking the price drop is over and a new rally is starting so they buy even more shares to average down and add to their already underwater shares.. When the rally turns out to be temporary, the rally stalls and the downtrend resumes. The Baggies go even further underwater. It's a sad case of "BGB" aka Baggie-Gone-Broke.
The odds are high that the bounce today won't reverse the downtrend but you can dream you might break-even but that rarely happens after such a price implosion we saw with MXR ----->from 15 cents to 47.5 cents and back to 15 cents in less than 4 months. A chart doesn't get much more ugly than that.
Good Luck Rod. You are going to need it.
TGR