MFLX ==> The Exelauno Day Winner

[Adman]

Basically, I am expecting the very same thing. Monday I expect a bounce, at least until about 1:00 EST, of perhaps $1.50-$2. Then I expect sellers to come in and reduce the gain for the day, but still a green Monday for MFLX.
This, of course, is speculation, and based upon two factors: 1. Buyers stepped up with real power at the close Friday (imo, shorts were covering), [GM--same thing] and 2. people will study the charts over the weekend, and seeing the bullish finish, will again hope for a strong recovery like MFLX had two weeks ago when it moved from $55-$68 in a few days.

Therefore I expect MFLX to make a good daytrade long for Monday. Longer term--the chart says what the chart says, and Friday's action lowered the PnF target from $53 to $47. No time to take a position long until the situation resolves itself, imo. One could sell out of the money calls or buy in the money puts, or try to scalp the stock; but everything else is too dangerous, imo.

To expand on this a little: The smart money will be sitting on the sidelines for most of Monday morning on this play.

What needs to be done is allow the panicky sellers to flatten it out a little for us. In the mean time, the arbitragers will be having a field day on both side of this. If you are in long, sit tight. Don't do anything Monday, until at least late morning, early afternoon, and then with caution. Most of the volatility we saw yesterday was the result of a rippling effect caused by overnight trading in Europe, not on bad news.

If you plan on trading it Monday morning, I would urge you to keep your eye on it constantly, as it will be trading in large lots on heavy volume, which will whip saw the price in both directions. (I hope by noon, things will have smoothed out.)

I have followed Multi Fineline for some time now (long before Ernie posted it), and believe it will hit 70, but I can not say with certainty, when. I have backed away from my mid-year prediction, for now, but reserve the right to change my mind, and come back with an update.

At 58, 8 dollars seems like a lot to make up, but on heavy volume, and the right conditions, it could happen faster than you think, just give the vultures and weak sellers their room Monday morning, before wading back in.

Take a look at the institutional ownership also: Many large, well known money managers have big stakes in MFLX, and they did not flinch (too much) on Friday.
Firms like FMR, McKinley, Putnam, Alger, Barclays, MSDW, Dreyfus, Wells and others, still hold large stakes here
Here is a thread from earlier yesterday, in case you missed it:

http://www.mrmarketishuge.com/showthread.php?p=46720#post46720

[Runner]

Reclaimed the bull line today... Well what is it Bull or Bear? I'm in the bull camp as long as todays low holds..

[mrmarket]

I have no clue what any of you techies are talking about..but I do have 3 words for you:

earnings...earnings...earnings

[spikefader]

hehe and I got 3 words too; patterns patterns patterns lol

[Adman]

MFLX smoothed out a little sooner than I thought, kudos to those who stayed the course.

[DSteckler]

Agree with Spike on this one, Ernie. Everything you need to know is in the chart (assuming the reader is skilled enough to properly read it).

[gerihearne]

it's in the charts

Agree with Spike on this one, Ernie. Everything you need to know is in the chart (assuming the reader is skilled enough to properly read it).

ah, there's the rub Dave.
I'm still trying to figure out the difference between a double top and an hsh.

kudos to all you chartists who have an eye for this stuff, you're a big help to newbies!

Gracias,
Geri

[mrmarket]

Agree with Spike on this one, Ernie. Everything you need to know is in the chart (assuming the reader is skilled enough to properly read it).

Everything you need to know is available on the internet.

[hilss]

Mflx

Looks like the trend on MFLX is even... fluctuating between 58 and 62.

Do you guys thinkg it's still got some juice in it?

Respect,
hilss

[marc_ely_invest]

I watched it online. Around 125,000 shares got dumped in one go yesterday. I cannot see any news item relating to it, so I guess this is the price moving action.

As soon as it makes 10% I'm out of it. It's over 6weeks now, although only 5 for me as I waited and bought it cheaper than MrM.

Marc

[New-born baby]

Broken neck

I watched it online. Around 125,000 shares got dumped in one go yesterday. I cannot see any news item relating to it, so I guess this is the price moving action.

As soon as it makes 10% I'm out of it. It's over 6weeks now, although only 5 for me as I waited and bought it cheaper than MrM.

Marc

MFLX is in a descending triangle pattern. If MFLX breaks the neck at $56.81, it seems that MFLX is going to pullback to $47 before it proceeds higher. It has temporarily lost momo. Remember, MFLX must close below $56.81 to make this pattern valid. The Point and Figure chart has already concluded that MFLX is headed South for awhile.

EDIT: MFLX down over $1 in premarket. She's headed South for a week or two.

[New-born baby]

Mflx

What a turnaround this morning! Talk about a bull charge!

[Runner]

Here is my trend read on MFLX for what its worth. Starting with the monthly this stock has been trending and remains in tact. I due note a tweezer top forming and a possible reversal off this months close. The tweezer top flags caution longs.

The weekly chart is at a major juncture IMO. If the lows from three weeks ago are taken out this would not be a positive for the bulls. Weekly also has a descending triangle look about it as well.

The Daily is in jeopardy here if it takes out the 3/31/06 low I’d change to bear mode on this one.

So lets recap:

Monthly possible reversal
Weekly descending look, major juncture
Daily in jeopardy could not put in higher highs.

My bias is leaning toward Bear on this stock based on the above. This puppy needs to bounce here for the bulls sake…

[Rob]

MFLX Getting Hammered

MFLX is getting hammered HARD after hours this evening on what looks for all the world to be a pretty good earnings report!

As I type this it's down 17.73%!

[jiesen]

earnings were solid, but 2 things could have triggered this mad rush for the exits:

1) they missed analyst estimates by a few cents
2) (this is the biggie, imo) they quit giving guidance until 2nd quarter of 2007