rationalization vs realization Did not think in all honesty this price action would be seen the day after the May lon weekend but would meander from indifference more towards the end of this week-today intraday in morning trading stock tracked to $1.01 with larger volume than what was seen last week on when the price briefly hit a small top with little conviction showing in the volume at that time. I believe tho loudly and emptily criticized for this statement by a couple posters who appear to know the price of everything but the value of nothing equity related-(hint price is what you pay value is what your recieve in return) that this stated observation was accurate at the time and remains accurate to this day.
"I believe this type of gradual selloff will continue over the next couple of weeks and the price will meander down towards its most recent 90day moving average and could trade intraday below a $1 again before to long UNLESS the company can announce something positive to offset this effect and move minds away from what I considered to be disappointing top line numbers indicating little to zero traction in the enterprise or takeup increase in the value proposition..." SS
Update:
FWIW I believe this trend was inevitable based on the above-and that the short rise was retail buying based on emotion vs reality....you add a "y" to the word "retail" and move the letters around just a tad and the word "reality" is found.
I can see this trading back in the mid .90 range again by end of the week without a material even of some significance to turn the trend.
What would be a signficant event non related to the release of news from operations would be an announcement that either the companys CEO is purchasing a large amount of shares in the open market or the company itself is in a large repurchasing of its own shares on the open market as both the CEO and the directors believe the company to be significantly undervalued based on any number of factors he or the company itself would like to pointificate upon and thereby and therefore the best use of any available cash by the company or an investment consideration by the CEO is served purchasing its ows Mood MEDIA stock...and personal endorsement of that nature would address a lack of investor confidence and I believe stabilize MM valuation with a more predictable floor in the process.
WIthout any of the above the little retail man here-is not going to be enuff to keep it treading water....it is a testatment to the retail guy imo that they have been able to do so this long fwiw.
GLA
SS