OTCQX:MRVFF - Post by User
Post by
langeron Nov 05, 2009 11:37am
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Post# 16456366
Nice!
Nice!Contrats on those that had the guts to stick this one out through the release ... BALLS OF STEEL!!! I myself was chicken so I only held a very small portion going through. The risk vs. reward of holding though was a bit lopsided. Considering if it wasn't approved it probibly would have lost 80%, but it's approved now so that really doesn 't matter anymore.
Looking to take a long term position now that the large part of the risk has been removed. Lots of profit taking today, and a big wall at .45 so I think I see how it shakes out the rest of the day before I buy my chunk.
I have been using Cold FX (FXA) as a reference point to see what could be expected in terms of a long term chart. I think there will be maybe a flat - sight increase over the next little while until they can get the product into the channel. Late 2010 - Early 2011 will be the epic points of increase. IMHO.
NRI is in a great position going into the US full steam ahead. They couldn't have been smarter in having such a strong partner waiting in the wings to hit the ground running. Well done!