RE: RE: Tanking?Tax loss selling is also upon us again so after the dust has settled, MPE is in a loss while other stocks may be at a gain. Standard protocol is ell the lsoign stocks to avoid paying capital gains taxes. However what works best is to be a buyer of small cap stocks while other people are selling in Nov/December , pick up these same shares taht in teh New Year many investors come back to buy them back if they like teh story still.
Worked great for me in Dec 2008 as many of the small caps decimiated last year are up 3-5X where they were back then. So surprised the rally at the .13-.14 didn't continue but wasn't enough volume to deal with bigger orders that wanted out. The story is still the same, just need consistent 1/4ly earnings to go along with all the news which is generally good although the stock price is not reflective of the business value.
May hit .10 in the short term as buyers take their time to get the best Christmas deal they can get. Sellers currently are just low ballign each other to sell their shares is my take. Teh sooner they are gone the sooner the price will move back up.
Should be Revenue updates shortly for October and possibly some more guidance going forward.
GLTA