< PUMA > " Scott, looks like there's some over reaction and you've got a nice day trade on the bounce "
Only one day? I am looking for 2 days, maybe 3. All it needs is some volume to hit it in the upward direction.
Looking for 10% to 20% gain.
Looks like the sellers are drying up as potiential buyers are becoming more active. Could be a good Dead Cat bounce before earnings come out in 2 weeks.
RSI is 2, lol. Now THAT is OVERSOLD!
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" PUMA develops, markets and supports mobile data exchange software allowing users to access, exchange and synchronize information stored on a variety of different computing devices"
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$2.75 stock, Book $2.32
Cash 1.78 Mil
Profit margin 3.1
EPS .05
PE 56
IMSI did 14% in 2 days, GMGC did apx. 25% in a week, DOSE apx. 15% in 4 days, and the list goes on.
People like buying a stock on the cheap, Bargain Hunters. If the stock should start lifting off of $3.00 and on good volume, I think one by one the short sellers will decide to lock in thier profits and Buy.
Are you coming to St.Louis, so I have someone to talk to?? Just kidding, I know your not.
Later
Scott |
