Stiff volume, looks like people have had enough and are taking it off the table.
Hopefully we hold $6.00 with the shorts using this as an opportunity to cover.
Now he have to look for earnings as our next catalyst.....
I am not dumping a single share of this POS, I have been here too long to get scared by this f*cknuts who sell on new news. Yet I am really disappointed. This action today simply breaks the trust MF has long tried to build in the investor community. This sort of sell off precipitated by NOTHING only weakens MF!
I will look to dump @ 6.5 and above. It will probably be another 2 months before we see that, yet I will look to unload all 15K between 6.5 and $8 if it ever gets there.
Dan has not cleaned house enough, Desocio should have been fired long ago! As you can see, no on will step in to fill the gap. I feel like an amateur for not selling above $6.5 knowing full well MF can never hold anything!
John, there is NO confidence in this company. The head man may be smart, yet the industry still sees this as a dishonest arm of a broken system!
This action today proves that this is beyond profit taking, for no ONE is stepping in to quell the drop. It is a Eff'ing free fall. I am disgusted! Picked up 500 shares @ 5.60 and looking to pick another @ 5.40. I honestly never thought I would have the chance.
John - I did not see this before, but this is a cut and paste from the Recent Events link. PS: The statements are false, but it makes some sense as to a catalyst for selling.
6-May-09 Price hit new 52-week high ($6.68)
5-May-09 Price hit new 52-week high ($6.65)
Sorry John as long as MF still employs morons like Desocio, MF will trade like this. This sell off is moronic however it is MF then again. The payoff will be covered by insurance as noted, yet it speaks to the rogue behaviour that was prevalent not too long ago. Desocio herself has been cited for the manner in which she has responded to the press!
I am sickened by this. There is no excuse for this sell off today NONE!
I think if you have a good seat on the bus you don't want to panic here. This is actually a good opportunity to get in here.
We have the fraudulent stress test results attempting to shake the market a bit. MF probably comes off the lows here by the end of the day.
Don't let em' shake you out here boys.........
Got to figure this is a sell off on gains after yesterdays news....there will come a good buy in point when she turns. 17900 just traded at 5.79...we'll be ok...btw, I bet no more than 100 people check out mf on yahoo finance daily so we are a small group of insiders with 5 posts a day.