watch facebook SP very closely. This was the catalyst which lit up the mobile sector 8 months ago.
Technically forming a U shaped bottom about now (Sell in may nervousness?), waiting for it to break through resistance at 63 and put a nicely formed U into play for a recovery.
Lots of positive info being released by FB lately, giving investors a glimpse into what the future might looks like. They've only just touched upon their monetisation opportunities with advertising.
Anyhow, watch closely. FB has inched up 5 % this week and MBE been kept down by last minute selling each day.
Momentum is about to swing.
MBE Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
