MMTE is COILED! Do Y'all remember: 1. When we got news on 5/31/2011 (the LOI see link) and the market response was opposite of what should be expected. 2. When we got news on 6/03/2011 (we have land, see link) and the market response was opposite of what should be expected. 3. When it was discovered that MMTE assets increased by a million dollars (Per MMTE acquiring it's Chilian Subsidiary, see link) and the market response was opposite of what should be expected. Here is an explanation: (from investopedia.com)
What Does Coiled Market Mean? A market that is believed to have the potential to make a strong move in one direction after being pushed in the opposite direction. The idea is that if a market should be headed in one direction based on its fundamentals but is pushed in the other direction, it will eventually make a strong move in the original fundamental direction. This coiled move will often be more substantial than what might have been the case if it had gone in the expected direction to begin with.
Investopedia explains Coiled Market: Coiled markets often arise when the market has been held down artificially... Investors looking to capitalize on coiled markets will use both fundamental and technical analysis to identify markets or specific equities that exhibit the characteristics of a coiled market.
The origins of this term relate to the physics of a coiled spring: the more it is compressed, the greater the rebound will be.
Here are the aforementioned links: from 06/13/2011 Mammoth Energy Group Inc. (PINK: MMTE) a lithium and alternative energy mining company announced today that it acquired Compania Lithium Investments Limitada This one was not a PR or a News Release, It simply showed up in the financials for MMTE on the OTCMarkets. In a BOLD move by William Lieberman Mammoth Energy now owns the Chilean subsidiary, Compania Lithium Investments Limitada. http://www.otcmarkets.com/stock/MMTE/financials from 06/03/11 Mammoth Energy Group Continues to Acquire Chilean Lithium Assets http://ih.advfn.com/p.php?pid=nmona&article=47938061 from 05/31/11 Mammoth Energy Group Signs Letter of Intent to Acquire Additional Lithium Assets http://ih.advfn.com/p.php?pid=nmona&article=47885938
These words are mine. They are believed to be true. They have been smithed in the fires of research and hammered on the anvil of facts. IMO you would do well to purchase them. Caveat emptor.
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