The market is strange right now. For most of the day, it was pretty strong and then all of a sudden, techs crashed in the 2 hours of trading. |
The Dow has been on a frantic pace which I don't think it can keep up (down today 192 points). The market is too pricey at these levels and on the way going down, stocks like MCRE will be pulled down with everything else.
Upcoming earnings will be critical for short-term performance of the stock. Needs to show serious evidence of revenue growth. If not, lots of people are going to be disappointed with the progress in expanding their business.