"and using 08, 10, 12 rally logic (why not?), another one of those blistering SP runs is now DUE..."
respectfully, draw a line from the top of the 08 spike to the top of the spike two days ago.
what do you see?
talk about potential all you like, but nobody is buying and holding potential these days. people are either buying trading opportunities or proven profitable enterprises.
MNM is definitely not the latter, and will need a tonne of capital and good luck before it comes even close (cue hint as to why investors are still exiting).
and if you trace the line i mentioned at the start of my post, it would seem that the majority are viewing it as the former, and exiting at the first sign of resistance, which confounds the ambitious projections of longs by opening the possiblity of a punishing round of dilution in order to get any one of its projects across the "start" line.
best keep a level head here. it has yet to be milked by interested parties, and once the appropriate amount of performance shares and options have been issued, alot of your valuation calculations will no longer be relevant
MNM Price at posting:
12.4¢ Sentiment: None Disclosure: Not Held