MP1 rallied +12.6% yesterday another example of a battered name being capable of exploding higher when markets adopt a “risk on” attitude as interest rate fears diminish. The company’s result in August wasn’t exciting but at least there were no hidden negative surprises, the stock looks very capable of challenging the $11-12 region on optimism of an operational turnaround.
- We like the stock around current levels as an aggressive play.
MM likes MPI as an aggressive buy ~$8
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