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Saturday, 01/09/2010 2:48:00 PM

Saturday, January 09, 2010 2:48:00 PM

Post# of 84966
MRNJ-Next Week

1) Panic selling/overbought occured at noon easter on Friday, only 2 mil shares sold dropped it from .145 to .071

2) The panic was becuase it was discovered the T/A was gagged

3) The company immediately ungagged the T/A by 2 PM eastern and the stock regained traction

4) We finished Friday moving upward, which is very bullish for such a volitile day

5) Just about any and all sellers of MRNJ would have done so on Friday

6) It was actually a healhy correction, so I expect a ton of buyers on Monday who know to look for that

7) The 50 day MA is .105, look for that for support all next week

8) MRNJ diluted massivley last week....and the PPS still ended up about 200%

9) Ungagging the T/A tells me dilution is over

10) If they did not dilute last week, MRNJ would have been in the .20s or .30s

11) If dilution is over, you will know immediately, because it'll move up on Monday and not look back

12) IMO .11 on Monday, .13 Tuesday, a test of .17 Wednesday. If we can break the .17 resistance may end next week in the .20s no problem

13) Word is more promoters to have news on MRNJ next week
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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