OTCQX:MRVFF - Post by User
Post by
1annacotsteel1on Aug 04, 2009 8:21pm
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Post# 16190954
Tomorrow's trading
Tomorrow's trading
SP acted prior to news that there was doubt.
So now that news has come out, its not all bad. Its not a refusal. Was it BS? Was it politics? Does it matter now? No.
How do you make money now?
This is my guess what will happen. Probably open at .28 to .30 at open. Even if I'm wrong, the SP will certainly trade lower maybe 5-7 cents from the open after that. It will stay there most of the day. Closing price I'll guess at .23. If you want to sell, sell at the open to get the best price. If you want to buy, just wait. No need to buy today. Just watch it.
The stock won't likely nosedive (ie 15 cents or below) from today's close because there wasn't any huge run-up prior to that. It will be a bad day but not an atrocious one. You'll make good money on this stock if you buy anything under 19 cents over the next 2 months and you won't need FDA approval. sell it before FDA decides
3 months isn' really that long. Covidien joined in the pressed release. that's good.
Likely a better chance of a huge run up in 3 months now in anticipation. FDA has everything and just needs 3 months. Delaying it again seems unlikely. Its either a Approval or Refusal. Bide your time. Nothing else you can do now.
Hope this helps.