Mhm is a tightly held stock , with little movt in the top20 for some time despite plenty of chances to panic thanks to world events. Basically there is only so much of our register willing to dump stock on macro events.
So being fairly illiquid we can have ST spikes all over the place, but when push comes to shove, we wait for company changing news of such magnitude that the fluctuations are irrelevant to long termers unless you can play them for a trading gain in stock. The lack of mov't in the register tells me there is not much of that going on at all.
So my 2c is short term spikes to the downside are going to be spotted by bargain hunters and given the lack of volume are unlikley to go far. Why sell in a panic at 76c when the company is in such a stable financial position, with a reliable income, with such immediate non-retail prospects? We are so flush with cash that we can ride plenty of world events without compromising our ability to progress our goals. Actually this should attract speccy money bailing out of other stocks for its stability and high leverage to upside potential. These guys hate bailing at a loss and can't stand missing the next train...so we could be a compromise for them.
The world can be in the middle of whatever crisis the newspapers are pushing this week and we sign one contract with one ALCOA plant?.......its not rocket science....these next little steps have such far reaching forward implications for the stock that it won't really matter if we launch from 76c or $1.2. They will still be scrambling to get stock.
MHM Price at posting:
80.0¢ Sentiment: Buy Disclosure: Held
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