Theres no indication of what the short term share price might be.
For the technical traders on this stock, the charts have been fluctuating between bullish reversal and a bearish trend pretty much everyday for a couple of weeks. I wouldn't be basing any trades on the charts at the moment.
I think yesterday's announcement was just a great oppurtunity for the bigger players to make some quick cash, should never had rallied to nearly 10c. Would have been better if it was more of steady climb rather then a pump and dump type scenario.
I'm a holder at average price of .085 and at this point in time believe it's a fair price to be in at. I think it will remain in the 7c - 10c range for the next couple of weeks. In 3 or 4 weeks we should get an indication of whether it's going to 4c or 40c.
MBE Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held
