It's possible to make money and to lose money in so many ways, even combining strategies. This is obviously a stock that one can make money day trading, lose money day trading, make/lose long or short term no matter how one defines that.
This stock will go down. This stock will go up. When the hypesters and the bashers come after a move and try to FUD or hype it beyond it's normal fluctuation, that's when one has to steel one's resources and make the best move for that time.
All that BS aside, MCOM will trend up in my opinion. The worst is over. The market is close to if not at a bottom. Interest rates will not go up further. We shouldn't be in a recession. We may be in a plateau for awhile. Eventually, we'll have a President. It will probably be Bush. Although I feel Gore has better qualifications, Bush will probably surround himself with people who will be good for the economy. Those who I thought would make the worst Presidents, e.g. Reagan, Clinton, actually turned out to be the best while those who I thought would be the best, e.g. Carter, Senior Bush, turned out to be mediocre. The reason being that talented intelligent people tend to do everything themselves while less brilliant, but highly motivated people tend to surround themselves with those who can make up for their shortcomings. Important factor is that no matter what, there will be gridlock, giving pols less chance to take our money from us. (I'd rather have someone screwing in the oval office than screwing the taxpayers.)
So MCOM should trend up with the market. It will do better/worse than the market in the long run. It is a thin float and high Beta.
Buying on dips seems to work. There was strong, IMO, heavy hitter buying yesterday and the day before. Even on small dips buying came in. This hasn't happened in weeks, maybe months. This is a change in MOMO which will be on many screens over the next couple of weeks.
So - is there a chance for more shorting? Is there an opportunity for more manipulative FUD? Of course. But the trend has been broken IMO.
One of the keys that one of our guru friends stresses is allocation. It works very well both ways. Of course, there is no reason that this won't move up as it has in the past, sometimes 25% or more in a day. It's nice to be in on those days, e.g. 48-60 move back about a year ago.
Many of the bears and negative commentators like to paint all techs as dot.com hype. MCOM is a company that is better off than it was 1 year ago or 2 years ago. It has pretty much laid out a business plan and followed it. Of course, there have been mistakes, delays, management inaction. It's easy for us on the sidelines to be critical. We expect perfection from people making 6 (or more) figure packages when profitability is way down the road.
This company is not a dot.com blow out. It's not a satellite coming back to earth in flames. I'll go with the brains behind PA, Ebbers, etc., over some bashing semi-literate with an agenda. |
