OTCQX:MRVFF - Post by User
Post by
Vic_Moneyon Feb 27, 2010 3:38pm
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Post# 16826827
Tremendous upside selling pressure
Tremendous upside selling pressureI'll be shocked if NRI trades above .40 over the course of the next 12 months. There will be a tremendous amount of upside selling pressure as people who purchased at a higher price exit the stock once they reach the break even point. So many people who bought NRI can't wait to see the stock move up so they can unload their shares and wash their hands of this disaster. This selling pressure will keep the price of NRI shares down over the course of the next year or so, and it will be a minimum of a year to a year and a half before the 52 week high reached in 2009 is broken.