J. Plantinga, I totally agree with your point of view. I took strong positions in McF, at 2.00, few days ago. I buy only stocks in High Tech. companies mostly Internet. I look only at the overall picture as far as financial performance is involved, my strength is in Computer Technologies and especially in real time systems and Internet related companies, I don't touch any other area. My fundamental criteria is volumes, as long as a stock as a decent volume, then I will start looking at what they are doing. As far as McF is concerned, the volume is decent, the price is also very good and I like the orientation that they now want to take.
I was there with BII at 3.60 on Jan. 5 and then putted my ask immediatly at 8.50 for two weeks, it then which sold on Jan. 12, not bad after a week and then there was XCIT on Nasdaq which was a fine move also with the At Home merge. Guess what I am now doing in McF.
My projections are, McF will open at around $2.30 on Monday then will rise between $2.75 and $3.25. The big surprise rise will happen on Tuesday or Wednesday with a spike at around 6.30. These numbers are only based on typical Internet stocks behaviors analysis that I do so often (too long to explain). By end Feb. this McF will be stable and solid at around (between 5.00 and 5.50). Of course this is only my own opinion and I can be completly wrong there. But this is how I feel for this McF.
Happy Investing to all of us.
P.S: Canadian Internet stocks are so underpriced, that is the bottom line, they are not as risky as the American Internet stocks which are way overpriced and therefore represent a real investement danger. Some American Internet stocks will sooner or later have a severe correction, again this is only my opinion. |
