I agree, no way for subpenny unless purely by MM manipulation at this point given all the recent PRs. Looks like a heated battle of the longs vs. flippers/shorters here today with some good one liners thrown in by Euc, et al. Looks like I should have waited to buy today instead of yesterday...but that's my usual luck.
I first bought MSLP a little over a year ago. Since that time it slowly and steadily declined, until the reversal finally happened a couple months ago. We are still solidifying the reversal, and these wild movements will eventually cease as the uptrend is sustained, and I think we'll see that soon. The flippers and shorters are taking advantage in this volatile reversal period, but that opportunity won't stay forever, especially when we move to a higher exchange, and break out of these levels.
I'm happy with what I have and will keep buying as I can because all the longs know where this is going. The recent PRs have finally confirmed a clear road map of this upward direction. I have no doubts now and don't think this stock belongs in pennyland. I like to pick my long term stocks in a way that aligns with a Buffet way of VALUE investing thinking.
As Warren Buffet says when picking a stock (just a few of his important check list items):
1) If the company value outweighs and is higher than share price, buy as much as you can and the market will eventually catch up to correct share price. I'd say MSLP is extremely undervalued at the moment, thus, I am buying. Check.
2) Does the company have a competitive edge and something that makes them stand out from their competitors? If so, buy. I think we all know the answer to this one. Check.
3) Is the company showing continued growth and profitable? If so, buy. Recent PRs confirm this to be the case with MSLP. Check.
4) Do you understand what the company does and does it make sense? Is the business simple and straight forward? Avoid complex companies which you may not fully understand. Well...this one is about as simple as you can get. MP makes the best damn supplement products on the planet... Check.
Maybe I should tell Mr. Buffet about this stock. I bet he could shoot this share price up real fast with one swift buy order:)...
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