I hesitated before wading into this thread but I see two potential forces working on the share price from here.
One force is the options expiration in June - for the reasons already discussed, this does put pressure on the share price even if simply for the fact that option holders may need to sell their ops or heads so as to exercise the remaining options.
The second force is the june tax selling effect which will soon start to become relevant particularly with the amount of volume and price spike that has occured in the past little while. A lot of purchases above recent prices may provide a motivation to realise losses before the financial year close so as to offset against other gains.
Of course, the 64,000 dollar question is whether management can overcome these two forces - certainly not impossible. But the scenarios above are the reasons I have not purchased this stock yet. I am waiting until early to mid june to see where it is and what potential has emerged.
MPO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
