What are people's thoughts about MRE?
Can't argue it has been in a signinficant uptrend.
Today's volume was double recent volumes.
While MRE did drop 3.5%, the bar was very short. ie the selling was met by commited buying. If this were the end of the trend, on todays volume I would expect a wide ranging bar - with the close well off the open.
(as you know, I am a committed believer in the nickel trend and MRE's fortune)
BUY
Can't argue it has been in a signinficant uptrend.
Today's volume was double recent volumes.
While MRE did drop 3.5%, the bar was very short. ie the selling was met by commited buying. If this were the end of the trend, on todays volume I would expect a wide ranging bar - with the close well off the open.
(as you know, I am a committed believer in the nickel trend and MRE's fortune)
BUY