TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.
In this video, I explain why I like the MEIP chart and why I think it will rally over $3 in the next 3 to 4 weeks or so. The basic thesis here is that warrant holders are shorting the stock to a certain point where there is enough short interest to sling-shot the stock over where the warrants are priced at, roughly about $3.25. I gave a similar thesis with Synergy Pharma (SGYP) when that stock was $2.75, predicting a move over $4,50, in which that stock hit a high of $4.68 before retracing to the mid $3 level where it currently trades at. In this video, I give a detailed explanation for my thesis, enjoy!
Video Length: 00:08:29
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