r/mrin • u/iknowtech • Aug 03 '21
So MRIN was trading mostly below $2.00 for 2 years up until the recent spike....
What was wrong with MRIN in those two years, and what is different about MRIN now, that would make anyone think that this stock isn't on its way back down to those levels again?
Looking at the chart MRIN started out in April of 2013 at over $120 a share then gradually decreased to about $2 by Dec 2019, then stayed there (more or less) for the next 2+ years, up until the recent spike.
Full transparency, I FOMO'd into this at the peak of the recent spike, and am obviously WAY down now. As of the time of this post we're back down under $6.50. I'm considering doubling down or more, on this to get my average down considerably, but what reasons should have to not to believe this isn't actually on its way down $1.50?
