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MRVC

Started by David Randolph, March 02, 2006, 05:03:48 AM

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calguy

Although MRVC held up fairly well after gapping down, I fear that whoever bought those 19 million shares at 3.75 will start dumping them on the market creating a lot of selling pressure and drive the price down close to $4.

cjm


There was a huge buy position set at $4.30 yesterday, and once that got eaten around 2 pm the stock started to fall. Today is options expiration day and we could see further downtrend in the market. 

This is still a great company and worth holding for the long run. IMO the stock will pull back to $3.75 - $3.80 sometime over the next few days and then move up quickly. This is only my opinion, so please don't buy or sell based on what I say.


berloga

19 mln shares for MRVC is worth of 4-5 days of selling on its average volume lately.
I doubt those blokes will make the fuss out of the 25c profit now. They shall hold untill the price erupts to sell gradually with a heftier gain. That's just my opinion. But nevertheless, I agree the price can be driven down on such a fear.

I held it when fousc sold at $4.25 and saw the $4.7 go by and ended up selling at $4.25. It just feels shaky at this poinit.