Pausing for a breathMPE has seen relatively high volume trading this week and sellers had put a great deal of pressure on the stock. It's been tapering off the last couple days and the asks have thinned out dramatically. Support at the .135 level has been building through the day and only 56.5k of shares on the sell side are needed to bust through .165.
Hopefully this means the weak hands are nearly done and the market is looking for some gratifying news before taking us to a new and higher trading range. It has been a rotten week in the markets, but MPE has withstood the flurry in fine form. Those investors who solidified a good share position this week at these price levels should be well rewarded in coming months. Unless there is another seller frenzy, it may become difficult to add sizeably without spiking the share price as sellers pull their bids.
Have a great weekend all.