$1.01 intrday hit-trendline negative Lower Low's intraday continuing-hitting $1.01 mark Friday.
Taking aside the intraday patterns if you looked at the weekly pattern the trendline/pattern here on $300k volume on the weeks trading day close...has turned from indifferent since the latest announcement of earnings or lack thereof-to negative which is somewhat interesting considering even if this market cycle is not a full fledged bull many are calling it a "fast running cow"...and MM is not being carried higher with other boats.
This is where it would be a good time for the CEO to show he is more about the walking the walk than talking the talk and bought shares of MM in the open market as a strong show of OandD and personal support believing nothing out there he could consider purchasing shares in offers as much reasnoable value right now at a healthy discount compared to the upside he may be telling the market he beleives is in store for MM and its shareholders thru the showing of him taking money out of his own pocket instead of cashing in on cheapo options-and buy shares and opening his wallet...this is often the strongest show of support a CEO can make as a strong case for holding the fort-2nd to that would be the company itself going into a share repurchase program and retiring shares issued from their treasury over past financings.
If support breaks at the $1.00 level I believe .93 to .95 base will form again by end of the week unless the do the above or put out a postive NR related to material event of some magnitude.-there has to be someting to form a trend reversal-and Cormark or others showing purchasing shares given the coverage involved? should be considered a non event.
| Day High/Low | 52 Week High/Low |
| 1.03 | -0.07 | -6.36% | 332,212 | 1.10/1.01 |
Once that trend reversal event occurs and the trendlines correct-follow thru by MM at that point demonstrating execution at the boardroom level imo will be very nb.
GLA
SS