For those of you who asked for my opinion through mail, I have the following response:
I don't suggest that the stock is a "sell" , nor will I be buying it. It is true that it is trading at its low range and may prove to be a good investment, but I did not see the kind of market activity that I was expecting since I posted my prior message. Most important of all, MLCO was not in the seen today. I don't like that.
If you are a long term investor and can afford swings back down to 8 or 9 in hopes of big profit further down the road, SFSO seems to be attractive. If you are a day trader or swing trader, I don't see the momentum there any more. In addition, this bidding war to acquire the company in England will show in the books some time in 3rd quarter; not an immediate factor to push the prices any higher. If you bought at around 9 or maybe a little higher and have made some profit, perhaps you should look into other blooming opportunities.
However, if SFSK attracts some institutional investors in the coming days or weeks, there is nothing wrong with getting back in at even higher prices.
good luck to you all trading,
JDTrader |
