Saturday, January 09, 2010 2:48:00 PM
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
Recent MRNJ News
- Metatron Apps Unveils "Dr. AI" Health Assistant for Personalized Health Support • InvestorsHub NewsWire • 01/23/2024 01:23:40 PM
- Metatron Pioneers AI-driven Content Discovery and Issues Reverse Split Moratorium • InvestorsHub NewsWire • 12/12/2023 04:59:50 PM
- Alternative to AI-Powered Apps As ChatGPT Pauses Signups • AllPennyStocks.com • 11/20/2023 03:00:00 PM
- Alternative to AI-Powered Apps As ChatGPT Pauses Signups • AllPennyStocks.com • 11/20/2023 03:00:00 PM
- Firm Pioneers AI-Powered App with Real-Time Stock Insights • AllPennyStocks.com • 10/30/2023 06:30:00 PM
- Company Looks to Revolutionze Legal Communication with AI • AllPennyStocks.com • 09/25/2023 04:50:00 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM