I fear that as soon as a clear sign of a retreat appears, it may develop into an avalanche, everyone trying to get out before the prices are too low. I may be wrong, and liquidity wise (money in MZM) there is enough ammunition out there for a bull move. However, you rarely get such a major move without having has a solid capitulation, we surely have not had anything even close to that. And out again from MERQ here at $35.19 for another $.38, just about a half buck short of the double bucker.
Zeev
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