Not sure why someone is keeping it up. I would think most longs would want it to trend down so they could pick up more shares. One possibility is that the company/insiders, are making purchases to make the stock look more attractive for potential partners. I don't think that's the case. Another possibility is that it is a long who thinks there's a pot of gold at the end of the rainbow (i.e., news/financials) and they would freak out if the price drops, thus they want to keep it up. Of course, it can only stay at these levels with such small buys because most people are holding. Again, the longer we go w/out news, the more downside pressure. I don't have a problem with that as I think this is a long-term stock. That doesn't mean I won't try to flip on swings, but I want to be invested long term.
Any 'investor group' that is trying to get into MLXO would want to drive down the price so they could get cheapies before they run it back up.
Regarding price predictions, who knows. As this is a pinky, there is always the possibility of dilution. That's just a fact of life in pinky-land. I'm not saying that Michelex' is considering that, and I'm pleasantly surprised that they haven't done so. I'm also quite happy with the financing arrangement that the entered into (i.e., no dilution). But one never knows what is going to happen. And sometimes dilution is a good thing (i.e., getting the price higher in order to qualify for an exchange).
My motto is "Don't trust, Verify". And even then, the company can always dilute. Thus in general, one isn't so much 'investing' in pinkies, as they are gambling. There's a reason the potential rewards are so high, it's because the risks are also very, very high. Right now, I consider the risks worth it in regards to Michelex.
GLTA
AI
