OTCQX:MRVFF - Post by User
Comment by
daydream1on May 29, 2009 11:45am
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Post# 16027313
RE: Close Today
RE: Close TodayIn the early trading hours this morning we have seen mainly retail traders and day traders transactions. Around 10:45 we saw some institutional large cross. Same pattern as yesterday. The momentum isl certainly picking-up.
The price has reach the 0.28 top faster than I anticipated but it is still holding. It is taking a breather. 0.28 cent top is easily understood to be motivated by sentiment trading, But any move 2 cents above this top and if combined with other large cross this can be seen as an indication that some news is in the pipe line. If not, at that point NRI should issue a statement of some sort.
Goodluck
D.