Mr. Bones,
I have been doing a lot of wincing lately,too, and not just with mspg. I no longer own mspg although once I did. I owned it at 8 bucks( pre-split, split about $2 now, I guess); it went to $26. I could not stand the prosperity and sold it. Thought I had died and gone to heaven! But, once you are made a fool, it is hard to go back into a stock. This past week I gave back some of the money before the August calls hit my stops and stanched the bleeding.
Genrally, I am a value investor,too, but I also watch the technicals. On that basis I thought mspg had hit a temporary bottom, but it has broken through the bottom bands and it is look out below now! If the market corrects significantly, as I think it will, mspg could go to test its old low, around $12.50. Ouch! I would be a buyer then..big time.
Bob |
