MBAH Is Gassed Up For Monday
I've posted a Friday Recap on MBAH elsewhere. In that I gave some solid reasons why it is more than likely to continue going up. I didn't see anyone pumping it. It was just a great pick. It should continue to rally MUCH HIGHER. Here's why:
1. It simply is a tiny float that is dried up. You'll always see sellers at any level, but any buying pressure and it will continue to increase. The MMs are very reactive on this stock and it is completely in run-up mode. I explained that the MMs are short and this is turning into a very big squeeze play. You can choose to ignore that possibility, but I am sure this is true and they'd have to kill me if I told you why I know. But in my Friday Recap I handed it to you on a silver platter and spelled out why in a manner that can be readily deduced if the only thing you had been doing is watching the action from before the break out.
2. The exact same reason this stock rocketed in the first place is still intact, i.e. it was severely undervalued below a penny and that relative to its VERY RECENT historical prices it is still VERY low.
3. The company has revenues and real potential. Value hunters who missed the first leg up of the rally will realize it is still a bargain.
4. Friday was the first day of a big rally. With the volume involved, these rallies typically go much further than it has gone so far, particularly since there is enough substance to support further speculation. You should be able to expect MBAH to run hard at least into Wednesday. However, I would advise to not strictly apply a 3 day rally rule to this stock. It can go very high, so my advice is to only sell in smaller increments as it rise. You will also be facilitating the tight float and squeeze by doing so and also. By doing so you will easily recoup your initial principal and position yourself to maximize your profits which could be substantial.
5. This should be the first step in the rally as it climbs up the mountain. If you doubt it, go look at the historical prices and charts to see what happened to AGIS. It went to 0.70-0.80 very rapidly. I cannot say MBAH will go that high, but the ingredients are definitely in place for something very big. Anyone doing technical analysis on MBAH right now will see a freakishly bullish situation and if they know how to read the situation, they will be buying first thing Monday morning. If you want to make money, ride the momentum, don't fight it or second guess yourself because you think you missed the boat. I believe you have not as the MBAH rally is just starting.
With the CMKX effect kicking in this week, you'll see alot of money flow out of some of the other penny stocks in order to buy CMKX. Some stocks will be temporarily down. If it rallies like many now believe it will, you'll then see some of the profits from CMKX flow out again and traders will be loaded up and ready to bet on new rallies elsewhere. Based on what I see, I believe the two potential biggest gainers this week are CMKX and MBAH and I would have some money in both first thing Monday morning.
IvG
