OTCQX:MRVFF - Post by User
Comment by
HippygirL74on Dec 04, 2009 3:16pm
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Post# 16555592
RE: RE: RE: The Lights are on - but the store is e
RE: RE: RE: The Lights are on - but the store is eOn the short term: imo, it might be good to buy about now and sell as the shorts cover before Dec 14. The shorters are disciplined on the short term so a 10% return in two weeks is excellent. They have tax-loss selling on their side helping to keep the price down. But when they cover before Dec. 14, the price will most likely go up. Let's see what happens by Dec. 14. Generally, December is the best time to buy stocks.
On the medium term: Since the last news, they said the launch would be in the first half of 2010, so the schedule has been moved up from the original "second" half of 2010. We may see some good numbers by Q3- 2010, but the market should move ahead of this, so i would expect the sp to move higher early in the new year.
On the longer term: If the competition can sell so many Millions, then i am confident that Covidien and Nuvo will get a nice share of the market too. imo, if the Canadian market is $10MM and Greece is $10MM, surely, the USA will be at least $100 MM early on. And add to that the cash position of about
.11 per share, and i'd say that we are undervalued by Mr. Market for sure.
Once Pennsaid gets some traction, Pennsaid Plus should fit right in as the brand name becomes more familiar.