Well, I am not a technical trader but I am learning more and more each year :-0) this VERY low volume day with no movement in SP when the overall market is down 1% seems very positive to me,,, My take is some short term traders have taken there loss after buying above 8 cents last week as they are disiplined and normally have a stop loss 5-30% below their purchase price to protect their capital....Smart move when MANY daytraders buy on momentum most of the time with OFTEN, no real knowledge of the company itself....
Looking good,,,I am happy if we hold around here a few days/weeks and I am sure once some good news is leaked and we get closer to an announcement we will run higher again...I would also think that long term buyers will beging to accumulate after today as the price seems to have settle and found support..
dyor
MNM Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
