Xanax,
I love your nick!! LOL!! :)
"If you're an idiot, then what am I?" <gggg> I will have to share my story on my DELL SHORT sometime. That wouldn't have been so bad, except that I had actually wanted to go LONG. Yeah, that's right. ;) That was back when I was a little greener, but EVERYONE makes errors in trading, and your "confession" is VERY mild, really!! :) So, cheer up!
Now, on MPRS: There is a decent amount of support here, around 2 3/8, but if that falters, another entry point would be 2 1/8, so don't worry, you haven't necessarily missed it. Besides, it's not good to chase 'em, they typically come back, time and time again. :) Note that it is coming down on lower volume than on that which it went up, which is a bullish sign particularly in light of the recent market action. After every run there will be some consolidation and that is very good technically and to be expected. Much better than a big gap up, as excessive retracement is more limited on a slower, steady increase in price. Note that the stock is trading tighter, less divergence, and this bodes well for another move prior to the current convergence that we see here. I'm suspecting that the move will be to the upside, but we shall see.
On another note, I appreciate all of the excellent contributors to this thread, it's one of the most informative around, and I wanted to thank everyone here for their input. I have some of the same concerns as many here, the long term debt is very large, they have had problems getting games out on schedule, etc...but I am pleased that they didn't merge with GTIS personally. I do believe that once they get that debt situation under control, that they might be ripe for another merger...but even if that doesn't come to pass, there is such limited downside to this one, that it wouldn't hurt too much even if they went belly up. (HEAVEN FORBID!) hahaha
Take care, don't be too hard on yourself...have a great weekend, and we'll watch the T/A on this next week to get a better idea of what is in store.
V. |
