cheche, you are right.
I like to think of them as dead fish. Use them when they are fresh because they spoil pretty quickly and begin to stink.
Generally, that is. MIMV may have legs. We'll see.
With news like this and with volume like this, I think its possible to watch the action and daytrade it.
There has to be volume and thats the key.
If this thing goes back to being dormant like was the case prior to this week's news, there will probably a lot of bag holders pissed off. Thats what often happens.
The November release event is on the horizon. There will thus be news in the upcoming month.
So I think money can be made here.
Trade the chart carefully and use real support & resitance lines that have their basis in the volume events of the recent event.
Thats the correct approach.
Good luck to everybody, and I even hope all of you believing in support at .37 & .51 get lucky, LOL
Until volume and chart candles tell you otherwise, the 618 is at .3857, the 382 is at .4495, and the only historical support to be found is at .305
Peace.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
