While there's always a bit of room for up and downs, I don't expect MUL to go down much. Depends on news I guess. I would see it hanging around the 8c mark, maybe with a dip down to 7.4 or so. Nothing too exiting in store for this one until they come up with "real" news. I would consider it a dead stock for now, being very bullish about it for the next 6 months. It has a long way to go, but it all depends on solid news and revenues. Certainly a news release like the last one isn't going to help. There's a massive wall of sellers at 10.5 and only VERY exiting news will make it vanish. MUL can easily trade 200million shares in a day on good news which is exactly what it needs to go ANYWHERE. I have said it before. I don't believe this is a daytrading stock unless you have VERY good insider knowledge. It tends to run hours in advance of any official news release and normally sells as soon as the news hit the wire. I'd say it's a typical pump and dump stock until something more substantial is released. I'm holding massive amounts of shares for the better times but for now there's not much I'm going to do. Certainly not buying anywhere near 10cents.
MUL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
