Recap: (MXFD) MaxLife Fund Corp Squeezes to 52 Week Highs
Last nights scan I posted two stocks to watch on their breakouts to new highs. One of them, MXFD ended the day up 24% which equated to up over 5 bucks per share today. This is an extremely tightly held float and all shorts are toast. Since ARCA and similar market makers have been the main players in MXFD and KYUS I’m curious if the two are connected and their squeezing MXFD to new highs to keep shorts hurting and out of the game on KYUS. Its possible but either way I don’t anticipate KYUS holds $3.50 more much longer, although it has surprised me with its strength so far. The volume most definitely took a hit compared to last week today and at some point it will dry up until people panic again and sell before the bottom falls out.
There are still many under the radar stocks making new highs and worth keeping your eyes on.
I will have a scan for tomorrow shortly!
Tags: MXFD
May 28th, 2008 at 11:12 pm
KYUS not like MXFD. KYUS is a standard pump & dump with paid mailers going out all over the place. To my knowledge no one ever put out any spam or mailers on MXFD.
May 28th, 2008 at 11:23 pm
Agree its a completely different style - but similar players involved
MXFD has no public float - KYUS does thus promotable but they both started at the same place
RVNG/KYUS/MXFD all related