In the end I'm not sure what that was all about...the buy and sell for 488,733 shares...??
Anyway, what we are seeing is professionals back in MRC today...they typically come in waves, several days apart.
They also buy in waves on an intra-day basis as well.
Their aim is to accumulate as many as possible, without running the price up too far...therefore much of their trading action is designed to flush out the "one point wonders", who will sell to them for minumum profits.
MRC has a long way to go in my opinion...which I think is supported by the fact that recent placements have been at 57c, at a time when the price was about half that!
Not many companies make placements at a premium to the prevailing shareprice!
Cheers!
MRC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
