My theory is that it will bounce back off around 75 cents. this is 50% retracement of the run we had from 30 cents up to just under 1.20. I did buy MRE last week and am surprised at the weakness it's showing, but I think it'll turn around soon. I got out of FMG recently and it was the same with FMG. Unexplained weakness for a long time and suddenly starts shooting up. I'm hoping for the same thing with MRE. That being said, I think it really is a good buy at the moment.
MRE Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held
