Tuesday, November 30, 2010 5:47:37 PM
I have always been Pro MMTC, and I continue to be. We are getting dragged down by the dutchess VWAP price agreement that MMTC has in place for there financing, coupled with there other financing.
I still feel the ShareStructure is in great shape even though have seen contiuned red days on very low vol. Every 2 weeks the VWAP is recalculated, and thus on a downtrend continues to push us down with Low Vol.
At some point though the Price will become so attractive that the VWAP will be halted based on buying Vol, and a uptrend or sideways period will happen.
Once MMTC release groundbreaking news like Production, we will be back over .02 or higher in a flash. Maybe even in 1 trading day.
I am sure most of you have heard about a stock from fellow posters before, and have said wow such a cheap price with a very low share structure. Well this is going to be that case too. I decided not to slap the ask because imo, were going to be forced lower by the VWAP, and very low vol.
A very safe loading zone barring any News imo is now looking like .001-.002 area.
I will be a buyer and longterm holder in that area.
Thanks
Smitter SMTT
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