Marani Brands Inc. (MRIB)

[daytraderjoe1984]

The charts show exactly how it's trading. How many times have we seen this pattern happen? At least two other times. Each time finishing with a rally raising the share price higher. The volume and share price is reflecting the anticipation of news from the pending license and other factors that are aligning for the shipments to be made. Everyone is claiming higher highs and lower lows based off of what? A few days of trading?

The price is still staying with the 50MA . The drop in share price reflects the rise when we hit a new 52 week high. With that much of a rise people will want to collect profits. This can be found in most stocks on the market.

Today's trading wasn't a "dump" of shares because of one large transaction among many small ones. -9% is not all uncommon based off of the movements and volatility of stocks that trade around the .01-.02 range. Not everyday will a stock trade green. Not everyday will it be red.

The price closed lower due to a last minute sell to hit .095. If you look intra day you can see it was an accumulation of buying both the bid and ask price. Some are attracted to the bid. Some the ask. That's all it was.

When MRIB comes out with the update to the pending license, announces shipments have been made/completed with searchable bill of lading, and when you order the vodka via the website and it arrives at your house, we will all start seeing where the price is headed. Anything else is just speculation. But that is to be understood since speculation runs rapid in any stock market.