Wednesday, July 27, 2011 12:05:28 PM
Nice 7 bids between .092 and .0941 with Nite now moving up above, maybe about to start a bidding war between algos as even though the price has retreated in the last several days, there has been more ask slapping than bid hitting from what I can tell.
The accummulation/distribution keeps going up... and the MACD is about to turn into a buy signal on the daily charts. If we can pop over .11 and stick above the 50day moving average at close, I would venture to guess that momentum chasers will emerge bringing MSMY back to the .13-.16 range.
With President Martelly in Haiti urging reconstruction be fast-tracked, and Lewis Lucke down in the thick of things, I would venture to guess some big news is coming soon... and if so... it could really turn MSMY into a big winner, setting it up for even a larger scale.
They don't need to raise money through shareholder dilution (as they get their money from contracts especially in the Haiti situation (assuming they are awarded to MSMY))...
I am excited to see how it plays out.
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