Here are the charts, as I said yesterday, the catalyst for MCP's decline was a Seeking Alpha article that suggested without raising cash, they are worth $1.60 a share, smart money doesn't sell on Seeking Alpha Articles, their research departments and professional networks (read as inside information) are far more advanced than a Seeking Alpha Article, plus there are charts that show quite clearly there's been no deterioration in institutional timeframes, plus the near term has seen positive reactions/divergences in to the decline.
Several months ago I said I didn't know why the charts remained strong in MCP after the earnings decline, but it was a lot like the RIMM trade that unfolded the same way with strong charts in to a decline, what smart money knew was several months later there was a massive CEO shakeup at RIMM, I suspect they may know something about a financing deal for MCP, thus the strong charts still in effect, that RIMM trade ended well for us.
3 min with a reversal process about the right size proportionally.
The 10 min chart not only not moving down, but leading positive higher.
And the last options trade we had was at the white trendline on this 15 min chart, look at the divegrence now vs then, especially the last several days of it.
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