Yep shorts likely to hover at these levels until either MYX demonstrates it has genuinely turned the corner in regards to profits and gets all sectors of its business firing at the same time. Needs its profits to become super charged, its debts to become dwarfed and to effectively communicate its achievements and specific objectives to the market and keep all investors well informed not just the privileged insiders. MYX needs to engage its investors rather than sweep them aside as if they don’t matter. And it needs a game changing drug approval. Myring would be a great start and whilst that continues to sit with the FDA then the shorts will remain in charge. Numbers will be interesting on August 21st. Hopefully we see some good ones. Charts seem to be looking a little positive with SP closing above 200 day MA and 20 and 50 day MA on the rise and gaining some momentum....
MYX Price at posting:
46.5¢ Sentiment: None Disclosure: Held
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