Uncertainty is causing some choppy trading... Just remember Mitsubishi Motors is turning around and soon MTF will be the largest bank in the world and will have cut a lot of bad loans in the process!! Soon this bloated and diluted Anaconda is going to digest the merger and be the biggest , fastest, hungriest snake in the jungle! All the fear and desperation related to blocking the merger...is a good sign for MTF.
Good Post Imperial, that's a new way of looking at the current situation, the distressed volume would agree with your scenario, the 200DMA is at $8.49, MTF may break this in intraday trading but IMO it will hold, I'm looking at adding some shares in the $8.50 level, I Never Ever like to violate the discipline of NOT averaging Down, right now in my case it would only be a few cents, however, Buying Strong Co's with excellent future potential on Dips is always a wize investment, I like the approach by MTF Mgmt on the UFJ buyout, they are holding UFJ by the heels until March 05 for pricing, a shrewd move. LOL All, sedona