No news out? Is that correct? I dont see anything on the bloomy. The last clip I see is the comp responding to the recent stock action. "we know nothing...blah blah.." I`m guessing the ticker wont be around much longer. I would like to be proven wrong on this one.
Crazier things have happened. Like I said , hope i`m wrong. Market action like this just reinforces the "wild west" image the pinks and BB`s still have. They really need to open them up to 100% electronic trading. Let me re-phrase that. ANY electronic trading. Even GNET (arcas BB ecn) and TRAC (mytrackcorp? ECN) have human intervention.
The news is , this was a scam from day 1. Thre news is , make a note of the pumpers here that herded you into this hustle. Make note of the few posters that warned it was a fake. eom
Consider yourself lucky, I didnt even bother to post my warnings on raging-bull, but did post elsewhere. Let those idiots on bull rot. This thread has actually sunken to bull quality but its the exception here.
The company is probably legit but I took a nice large paperloss yesterday morning and I am glad I sold then instead of tasking another 50% haircut this morning MNCS may go back up and be a great company but how low will it go before that happens? $2? $1? 50 cents??? There will be a deadcat bounce though. Load up monday if it bottoms and then ride it back to $5. Should MNCS make it to the nasdaq and start selling osme card this could work but for now too riskly to go long now. Wait it out.
I'm surprised that some of you are discussing the company fundamentals. Wake up, this whole thing is a scam. Did you actually look at the chart and think for a second that any of this was based on any fundamentals. Once posing as a metals exploration company, now posing as a used car dealer. I would imagine they will become a pizza restaurant chain in the near future. Stock runs up for over 100 days without a down day. A 65% drop in 2 days on no news. You are not buying shares in a companies stock, you are putting all your money on red on a roulette wheel in Vegas. Actually, I prefer the odds on the wheel.