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Tuesday, April 03, 2012 1:33:08 PM
....been saying it for months, patience is the key. longs will make $, flippers can make $, watchers will beat themselves up as they chase it to get shares.
I would venture to say anyone that bought mexp months, even as recent as a few weeks ago is upside down and sitting in a negative equity position. Imo, the only chasing, has been from those that guessed wrong on their entry positions, and are chasing it down adding more money into an even larger losing position, or worse, a dead money long term hold.
Until any so called "big events" unfold, mexp is dead money. There are no guarantees additional dilution wont enter the market simultaneously to any such "big event". In fact with a recently gagged transfer agent, anticipate additional stock hitting the market. jmo
Mexp fact: 52 week low is .0004
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