Good Morning!
It looks like Multimedia Platforms Inc. (MMPW) has the potential to become a DOUBLE-DAY PLAY for us, so stay alert and ready to move.
MMPW gave us a “decent” 10% leap at the open yesterday, don’t get me wrong. But if you already spent that win, history says we may get MORE.
Check out the way recent moves took 2-3 days to play out in the range of 40% apiece. Maybe these arrows get your motor running:
Remember, we came in after MMPW closed at the bottom. That’s maybe 25% in one session and we got to harvest a big slice.
Those previous stretches above the low set up . . . let’s see . . . 42% the first time and 46% a few days after that. BIG wins!
But squeezing all that sweet upside took more patience than a one-day wonder can provide. That’s what the “???” up there means.
We don’t know how far MMPW can go. From the big gap above us, we could be in the early stages of a MONSTER run here.
Here and now, those first two arrows each touched $0.20 at least before the action reversed. On that basis, there’s a LOT of headroom to chase!
And even if we only match those previous runs, we’d be looking at barely $0.18, only in the MIDDLE of the channel that formed in recent weeks.
Why does MMPW jump around so much that big moves like that look small up there on the chart? Liquidity.
MMPW has a healthy enough market cap but the float here is so narrow that there’s only 526,000 shares on the open market.
A day like yesterday basically turned over 4 out of every 10 shares available! Think how that math adds up if the shorts feel a squeeze!
MACD is still trickling power into the price. We have a little bit of a BULL TREND forming - while the RSI remains temptingly stuck on “oversold!”
We haven’t really seen MMPW open up since the chart got liquid nearly a month ago. I for one am eager to see what it does for us today.
All it takes is a little WHISPER from the business side of MMPW to light the dry kindling keep get the game going. We’re in luck there!
MMPW is shaping up as a headline magnet since management reminded us what it’s all about and opened the liquidity floodgates.
Turns out this little company is the only public LGBT media outlet around! It’s got $3 million to spend and a network of properties already in place!
Traffic to MMPW websites is BOOMING, expanding the revenue potential by 400% PLUS.
The CEO is high-profile enough to build bridges from the gay community to Fox News -- every minute of air time he gets builds awareness of MMPW.
One way or another, I’ll be in touch. It’s time the markets made up for their lost 2015, so the action could get a little intense over the next few weeks.
We’ll exploit what we see!
Sincerely,
Michael Reef
yourstockguy@gmail.com
