MMR 0.00% 0.4¢ mec resources limited

You can't expect a stock to rise 25 - 50% every day forever it's...

  1. 1,380 Posts.
    You can't expect a stock to rise 25 - 50% every day forever it's up over 100% in the past 3 days. Holders will be getting edgy and start to sell at the first sign of weakness to lock in profits, I know I did. All in all a retrace of 10 - 25% is nothing compared to how far this stock has come in the last 2 weeks which is roughly 600%!
    Imo people selling at the top yesterday and today will be buying back in at the bottom which will help hold up the drop but I could be wrong.

    25 Aug 2009 0.700 25% 0.830 0.490 10,380,737
    24 Aug 2009 0.560 49.33% 0.640 0.400 13,747,480
    21 Aug 2009 0.375 38.89% 0.400 0.275 5,937,845
 
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