GREY:MLKKF - Post by User
Post by
garygpon Mar 25, 2009 3:34pm
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Post# 15870384
A couple of points to consider.
A couple of points to consider.All IMHO...What are people really looking for here? Think about this. From the year low of 29 cents the stock is up 105%; 100% in technical terms is generally very critical to a stock. At 100%, the value of a share is 59 cents plus or minus a cent or two. So, if 58-61 cents holds, the next stopping point could be 70 cents. This coincidently is where the huge offering was done, which technically, markets generally treat with a great deal of disdain. If the 58-60 cent range fails in 2 or 3 attempts to go higher, then we could fall back to the 30-35 cent range quite easily.
Don't shoot the messenger if you don't like what I have to say, afterall, I'm just trying to be helpful. I see I acquired my first ignore on this board after a post last week; not bad I guess after 8 years.
Good luck all.
gary