MESA
MESA is the first stock that I got into following this new plan. It double from .50 all the way up to 1.32 at one point in a short period of time. I got in at 1.19 and again at .96. I will be closing this position soon because I have been holding it for awhile and I dont want to get too greedy.
UBET looks like it may be coming down at least for a dip pretty soon. This one you need to watch because it is an earnings play and earnings can make stocks do weird things. But, it will at least come down for a quick spike before heading upwards more. It’s heading for some resistance around 1.25-1.30 so look for it to come down around there. If it breaks that point it will probably go much considering it hasnt broken that point for about 6 months.
May 11, 2008 at 6:05 pm
Thanks for your answer. Looking at the chart, I can see the spike and see what you are going for. Are you concerned, however, that the stock was recently (as of Feb) trading at much higher? I would be concerned that the stock could trend back towards where it was, seeing as it’s slump wasn’t based on earnings
Maybe I am reading the charts wrong (likely) but I would like to see a more consistent chart in terms of before the spike, rather than just a couple weeks.
Thanks for your help
May 11, 2008 at 7:00 pm
If you were gonna be playing this long term than that might be a concern but I am typically gonna be in and out within a week. This stock has been an exception because it hasnt given me any reason to cover. But on monday I will be looking for a good opportunity to take profit.
May 11, 2008 at 9:19 pm
Thanks again for your thoughts. I don’t know how active you are on here but if you check out traderjunkie.blogspot.com, he is trying to get some traders together to networking via IM during the trading days about ideas. Would love to see you join in
May 11, 2008 at 9:31 pm
Thanks for the heads up. I looked over his site and hopefully the AIM thing will work out.