Michelex Corp (fka MLXO)

[sawdin]

IMO, the price is 'artificially high'. By that, I mean that someone is buying small amounts to keep the price from dropping. They can do that because most longs do not want to sell. If we go a few weeks w/out news, I don't think the price will stay at these levels. Short-term flippers will want to sell to free up funds for other plays. Some longs might sell and try to buy back at lower prices. I think most longs would not sell if the price dropped back into the high.004's, but someone does not want to find out, and thus they are making small buys to keep the price up. Why else would someone being making purchases of $29 - $50? I'd rather see the price left alone. If it drops, and you are a long and believe in the company, you buy more.