Currently, I am holding MREO was a pincher then turned into a Hi-Wave and now what I call a New Format formation (meaningless term) however, when a steep rise does not fail and levels out, then it tends to rise again. What caused the steep initial rise was a news article in the Times (late June) about a buy out at $5 and then repeated on Yahoo. If true may take 3 to 6 months to occur so a long wait for something or nothing. I am not sure how long I will wait.
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