This stock could go either way tomorrow morning, IMO. Razorfish dropped about 8 bucks on Friday. If MCF is following the same trading pattern as RAZF, it's very probable that we'll see a drop. However, MCF could be running it's own course, in which case anything is possible. I'll know more in the morning when I see the strength of the opening bid/ask.
If it's not a strong opening, that is if it opens below ten dollars a share, I think we may end up dropping down to the eight dollar range (possibly seven) before heading back up. If it opens above ten (preferably 10.50 or better), I suspect that there's a good possibility we'll see it close in the double digits (possibly high eleven or twelve). I don't see support occurring at this level - according to last week's trading pattern. I also suspect that the stock MAY be heavily shorted but I haven't read or heard anything to support this suspicion. Again, this is only my opinion and is based on MY experience with trading patterns (emphasis on the word "MY") and not on any charts or other technical analysis tools.
If it drops... I will average down. If it rises I may consider averaging up. I have decided to hold a core position in MCF for the long term - possibly for several years if the stock continues to perform well.
And now for a joke.
A guy walks into a doctors office and says, "doc, ya gotta help me. My penis is too small and my wife's complaining about it."
"Well," the doctor says, "there is something we can do but we don't do it often. We can take the trunk of an elephant and transplant it onto your genitals."
The guy says "sounds great! Lets do it. But do me a favor, don't tell my wife about it, I want to surprise her."
After the surgery, the guy takes his wife out for dinner and while they're sitting at the restaurant table the trunk undoes his zipper and plops itself down on the table. His wife looks down in total surprise and says, "what the hell is that?"
Suddenly the trunk darts across the table and then retreats back into his pants. His wife says, "Holy shit, that was incredible. Could you do that again?" And the guy says, "Well, I could but I don't really want another dinner roll shoved up my ass."
All the Best
Marty |
