MCIO is seeing a much needed pullback off its peaks. $2 is the daily 200 period moving average support which is attempting to form a hammer on this 8th day under the daily 5 period moving average break, $1.80s is the weekly 15 and monthly 5 period moving averages. Since this is a thin stock with wide spreads the moves can be exaggerated both ways. This factor has to be taken into consideration. If MCIO slips to mid $1s, I will add some more shares to my core position. As I warned before, this is a very thin trading stock and no one should be [...]
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[Source: The Money Blogs]
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