TSXV:MBI.H - Post by User
Post by
str8tgoodson Apr 03, 2010 8:23pm
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Post# 16954145
Next Week
Next WeekMy bet is the move to 20 cents will be short-lived and this will be trading in the mid-teens in the near future.
Once the IPO is announced, it will stabilize around the IPO price, and depending on guidance will either maintain support or come off until MBI shows some kind of sales figures for its tests, or at least insurance coverage. This could take 12 months or more, so investors won't be rushed to buy into the story.
Early momentum will fade.