breaking on the up...

Things have quietened down.

MMZ is flying 'under the radar' again, just the way we like it.

Mooter is now at a point where investors are waiting for the next move, whether it be up or down, before they trade again. One could say its currently a bit of a stale mate!

You will notice that volume has died off significantly over the last couple of weeks and MMZ is now at a point that investors looking at buying in want reassurance, and that reassurance needs to come either by way of a strong run, or a good announcement. Given that imo there are not many out there willing to take a big leap before an announcement is received, I believe a run on big volume is very unlikely until that ann comes through.

Its great to see that the sellers are drying up. Day by day, more and more are learning to be patient and this has now resulted in the buy side looking a lot stronger than the sell. Even without high levels of volume, I think we could see the SP move back up to the 2.8 range in the next few trading days even if no announcement is made. Of course if there is an ann, then that will play the major role in which direction the SP heads towards.

Even this thread has died down! It may have something to do with the fact that according to others posts in the last few days, half the threads participants are on ignore!! It also may have something to do with the fact that there has been no announcement to disect, I suggest it is the latter.

There are obvious sellers out there, those that don't believe the story, those that are trying to sell out and buy back in at a cheaper price and those that just have no patience and consider a week or two without news to be too long to hold. But I am very heartened by the support that has come in over the last week. Any time that the SP looks like dropping down to 2.3, that possibility is short lived. It appears that there are many out there that consider 2.4 to be cheap and if any are up for offer at 2.4, they dont last for long.

It seems to me from the pattern of trading over the last few days that those holders (not traders) who want out are now out. As of the close today, there are just over 3.6 mill selling at 2.6 (these imo are the 'traders' and if a few went quickly, I think a fair few more may be pulled from the sell queue), then looking at 2.7, there are only just over 2 mill shares available. This has been the case all day and imo is a true representaion of what is available at those levels. Of course there are going to be off screeners selling now and then, but it hasn't been the case with MMZ of recent times and as I said earlier, I believe holders are starting to stand very firm with their positions and therefore making it very hard for investors to buy in without the SP rising.

I am very confident of the week ahead with or wihout an announcement. I still believe that this company has the goods and when we begin to see them, bye bye current trading levels.

There are really only a handful of us that have really been in for the long term an we are either going to look like genius' or have our face covered in egg. At this point I am stll extremely confident and of course we will have responses to this that believe in the contrary, but I topped up further today at 2.5 and I am confortable in saying that MMZ is about half my portfolio....

Best of luck to all holders.

T-JAM