Replies to post #5112 on Mainland Resources, Inc.(fka MNLU)

[jd19]

Does the AXEP merger expire Monday (Oct. 31st)?

[ONGBest]

I've seen this before, high volume with substantial PPS gain due to covering of short positions.

But it seems hard to know at this juncture whether there might be a slight decline, stability close to the last PPS close, or further increase as you project:

"The next target is .40 to .50 now. Good chance we will see it early next week before any serious correction gets a chance to take hold based on the stocks strength today."

The basis for this is just the magnitude of gain we saw on Friday?