buyers keep coming, page-3

I am happy to see this one still moving north and am sitting on a 58% profit in a short time.

However, I am always sceptical when I see rises like this from perennial, long term underperformers - which is exactly what MIK is.

I am also mindful that we are in a bull market that is now well & truly in bubble territory; and that MIK have a CEO who made some bullish comments throughout all of 2006 and yet the company's revenue & bottom line remains anaemic.

MIK may well be on the cusp of greatness, and the whispers I have heard of $1.00 won't go away.

I would really love to see some fundamentals backing this price rise because I am more than a little uncomfortable with the rise given the absence of news (and the Reserve Bank contract does not count as major news).

And then, of course, we have this concerted buying over the last month....

Well...as you can see...I have a l,ot of unanswered questions, makng for a very intriguing scenario for a stock that has risen from 8c to 46c on nothing.

This one really requires very close watching. I want to know what s REALLY going on to justify this rise.

In the meantime, I will continue to hold but my finger is poised & ready on the SELL Button continually.


Coop