A huge spike would only invite a correction which would overshoot. This solid base bodes well for the next week especially when the news spreads. Who knows? Maybe some institutional investors may see potential in it and sequester a whole bunch of shares thereby limiting the supply.
When the instos dived into ANL in September it created a frenzy of buying and within a couple of months it had gone from 0.097 (where I bought it) to 0.21 (but I stupidly had sold at 0.14).
Whatever, you would have to say this is a textbook case of a company which has very good upside with limited downside.
- Z
MRX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held