No I don't think it'll stay in this level. It is a good one. If you buy this
one at 14 (from long term) you 'll make good profit! My point is (in the
mean time) it keeps going south . you better keep cash in hand.
It could test the support level, which is in 11-12 , soon. AMZN's
earning is very positive, but it stays in 115-130. That is an example.
So even MZON's earning is very good, it will not go back to 20 level.
There are millions of other internet stocks you can play with. YHOO,
NSOL, ATHM, CMGI ...... The reason that I am still here is I still have
some short positions. After I close the positions, I'll leave this one. I'll
close my positions when it tests the support or stop at 19.
Playing with internet stocks, you better know its strading rangs.
YHOO, for example, you can buy it at 310-315 and sell it at 350.....
You can write YHOO's options to make tons of money.... . There
are many many ways.
If you like MZON. There are some others EBAY, UBID ONSL... .
Ask yourself a simple question -- why EBAY,UBID are so good, and
ONSL, MZON are not flying. (they are not exactly same). You get
answere you can make decision. |
