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Multiband Anonim ┼×irket Message Board

  • cliffbanger86 cliffbanger86 Mar 1, 2012 7:59 AM Flag

    MM positioning friends for upside move

    Level 2 trading is very clear that MM is positioning for the upside. Keeping a lid on it at and around 3.60 but earnings later this month will bring the ramp up soon. 2012 will be very good to MBND shareholders.

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    • Agreed, there's great upward potential here. Multi will report its strongest quarterly results in a matter of days.

      So how does the MM keep share price down? Given this traders market and the end of month/start of month shananigans, does it take much effort to dissuade interest?

      • 1 Reply to twelvetooth
      • They will let the stock go when they are ready, likely gradually as the earnings come nearer. You can see the buying occasionally on the Level 2. For example, there was a 15K Buy order at 3.61. Over 12K was filled, even though the Ask never moved to $3.61. There still appears to be around 2500 left to fill at $3.61. The shares are landing in friendly hands.

        Good balance sheet, strong EBITDA and profitable operations that are expanding. Nice combination.