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Re: snoof77 post# 105908

Saturday, 03/28/2015 11:01:58 AM

Saturday, March 28, 2015 11:01:58 AM

Post# of 123646
So, if smart money sells when the investing public is in a confidence zone, and it's just a matter of time before MRIB enters a confidence zone, we will see lots more selling soon?

And I don't think there's any sentiment of fear. Just frustration, bitterness and a general lack of interest in a company and stock that has literally disappeared. Still no financials, no communication from what's left of the operation which is Margrit, a handful of Southern California retail stores, no Brazil no sales and an empty bank account. This goes without mentioning deficit and debt. Where is a MRIB confidence zone coming from?

All the technical jibber jabber, DMA, convergence, accumulation... All imaginary. There's nothing technical to apply to a dormant company other than gambling on if anyone is left out there naive or silly enough to ever value and buy the stock as if it were going somewhere. What do technicals matter if we never hear from the company again? The technicals assume ongoing operations and there's little sign of that at MRIB.