Guys, it looks like the good spells of good witch that worked on RITT is working on MTSL now. The beast is unleashed finally! okay, if you guys observed today's volume/price action you must have noticed the asks being absorbed in quantities at any offered price. Yes, there is some profit booking by those folks who bought it at $1.80 or so but the stock price sustained the pressure between $2.50 and $3.00 and finally closed at $3.06 and hit $3.38 after hours. Technically this is a very very bullish sign. Coming to the short side of the game, as of 11/15 the short interest has gone down by 50% (from 11001 to 5651), which tells people who shorted it during the last rise covered most of their positions expecting a "BIG" move in the future. In my honest opinion, we have not seen that "BIG" move yet. Like I predicted in my previous post, MTSL is going to cross its 52 week high and it is not going to stop there. I think this is going to be the next RITT. Of course I am sure we are going to have a bumpy ride but if the next quarter numbers are better than this quarter and with some positive PRs in the mean time, we are going to see MTSL at a much higher price than anyone of us predicted.
That's it for now. I need to catch some ZZZs!
See you at $5 tomorrow! Good night!
Special Warning on Micro Cap Stocks - Ultra low float stocks are always risky to enter them late or shorting them too early. You gotta be fast, smart and thoughtful when you deal with these beasts. Finally, tips are mine but risk/reward is yours.
A general Caution and Advise -As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!
- ► 2013 (33)
- Buy VSCP - Target $4 in 2011
- OSN - Chinese New Rare Earth Metal IPO
- Mind-blowing move from SHZ!!!
- CXZ - Ready to take off!
- Congrats if you made money on RPRX!
- Disclosure on RPRX and ACAD
- 2 Low Float Biotech Stocks set to take off
- CXZ - New Uranium Play
- CVOL for Volatility Lovers
- Update on VTRO and other stocks
- New Chinese IPOs - LEDS, TUDO, DANG, YOKU
- SURG - Looks like it is going to surge
- ZGNX - New IPO
- MTSL - The Beast is Unleashed!
- ▼ December (14)
Who is Mr.Incredible?
- New Jersey, United States
- Mr.Incredible is a Momentum/Technical Breakout player who trades small/micro cap plays and who saw a 600% Growth since 2006, Yes even in this down market. I am going to post my real trades (including profits/losses) soon...As a general caution and advice Please start with a small position and always keep your stop losses in place just in case....As usual Do your DD before investing. Thank me for your profits and don't blame me for your losses because you are the one who pulled the trigger!!!