consolidation at 9c

the large buyers from last week look more than happy to acquire more around the 9c level.

the extra liquidity daytraders will create in MNM works into the hands of these guys. as it seems clear that these buyers know what news is coming it is also likely that they also know when. if this is correct it makes their manipulation of the DT crowd for their own ends a bit like shooting fish in a barrel.

I'm more than happy for MNM to establish a base camp in the 8-10c range for a few weeks, before the assault on 12 month highs on positive BM or Mt M news.

today's follow up volume to last Friday, and the bullish buy depth means you would be foolish to bet against a significant MNM ann early in January by selling any at current levels.

MNM should be a 20c stock on the back of announcements already made in 2011. A major step forward at BM or Mt M by way of the next few ann's should really let it off the chain as it plays catch up with its own fundamentals.