Santa Claus
It is amazing how every year so many people sell their small caps in Decmber to lock in a capital loss for tax purposes only to see the same stock rise (or almost double in this case) in early January.
Call me stupid but I rather pay some taxes and not sell investments ar ultra low prices as long as the compnay has a good future than to save a few bucks on taxes. Saying penny wise -pound foolish.
In December anonymous(s) sold 737,000 shares at an average price of 9.7 cent each. You would think anonymous orders put in it is bigger 'smarter' money', Think again!!! The price finished up about 70% form their average sell they made in December. Serves them right as that means 737,000 shares were bought for 9.7 cents. Let me know who you are as I want to hang around the smart people.
Who knows what news awaits and if the shares will hold , rise or fall the next day but at these low prices, a $100,000 of voume is about 600,000 shares so it doesn't take much dollars to keep movign this one up if MPE can deliver and I mean really deliver the goods they are producing with all ther MOUs they have in place.
GLTA
PS. Looks like Santa Claus brought my Christmas Present 3 weeks late but I will still gladly accept it.