StockGuru Blog: MP2 Technologies (OTC: MPTO)- First Day of Profile – Intraday Up as much as 21.43% – Technical Indicators See Break-Out Candidate
Written by John Pentony on June 16, 2009
STOCKGURU PROFILE- CORPORATE WEB SITE
Hi Members,
MPTO – Outstanding First Day of Profile
Intraday high was Up 21.43%
Volume was strong – Ultimately Closed Flat
I watched this carefully all day. While we did see it break-out to highs not seen in two weeks, it did pull back. I think what is going on here is that investors currently holding shares are trying to decide if it is real rally. Rallying from current levels would require it to actually go against the recent trend of a slow sell-off.
Clearly, investors were testing new highs.
HERE IS WHY I THINK MPTO IS GOING TO MOVE UPWARD
REASON ONE: Weatherly Aircraft – The business is real and they are making very quick progress.
Here are recent company headlines:
Thu, Jun 11, 2009
MP2 Technologies’ Subsidiary, Weatherly Aircraft, Begins Shipment of Parts Internationally
Tue, Jun 02, 2009
MP2 Technologies’ Subsidiary, Weatherly Aircraft, Begins Preparation for International Division
Thu, May 21, 2009
MP2 Technologies’ Subsidiary, Weatherly Aircraft Announces Start of Full Aircraft Production Mode
REASON TWO: The Plan to Acquire Bayside Holdings
As stated in today’s press release, the company has contracts that provide a significant advantage. The company feels they can sell as many diamonds as they can bring in. Here is the quote from the release on that:
The Company stated that these contracts provide a significant advantage to Bayside as it can literally sell every stone which they are able to import to the US.
REASON THREE – TECHNICAL INDICATORS:
A surge upward, is followed by a pullback before there is a further surge upward. The chart looks right for that. Charts do not make companies; they just are indicative of the way traders view stocks.
John Pentony
Publisher, StockGuru
Pentony Enterprises LLC is STOCKGURU.COM, SHAREHOLDERVISION.COM and STREETRESEARCH.COM. 9555 Lebanon Road; Suite 103; Frisco, Texas 75035. (469) 252-3030. Disclosure for MPTO: Pentony Enterprises LLC expects to be compensated a total of $15,500 from a non-affiliated third party for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
Submit Reply
