MXL mxl limited.

Another run

  1. 2,762 Posts.
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    Seems to me that this stock is getting ready for another break to the upside (barring a major catastrophy in the US markets). The microsoft announcement should have been the impetus for a sell off as I think the market was looking for more in the announcement. But it's held up well and yesterday's announcement will instill confidence and probably more signup's to be announced soon. Annual results show a significantly reduced cash burn. Sticking my neck out I'd say a rerate soon to 16c and maybe to 18 a little further on.
 
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