MC Endeavors Inc (MSMY)

[Jafruech]

IMO it is not going to break the .005 mark without some kind of news hitting, so when it topped out in the mid 4's I knew it would hold stable with a few trying to push it higher, then the short sellers would hit. That pushed it down, and as I saw it swinging downwards I knew more people would start freaking out and sell. Probably a lot of stop-limits in place as well that added to it. When I saw it was back in the 3's again I was betting it would hit the 2's based on past recent trends in the selling. It isn't a hard stock to push up to the mid 4's, and until news comes out it will most likely continue to bounce between the 2's and 4's. However, once news comes out it will not take long to break the .005 barrier and IMO it will blow past most resistances up to the .009's at least. Maybe farther. Depends on the news. IMO with good news it will blow past .005 pretty rapidly, and continue to rise steadily. As things improve in Europe and after the beginning of 2012 things should get better as well. My hope is by the time I redeploy next summer to have it in the .1's again or higher. Just depends on news really. I think it is a really good time to buy and hold this stock. Short sellers will bail several times along the way probably, but with news comes a broader spectrum of support, which this stock really needs to take off IMO.