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Tuesday, May 19, 2009
in MRM at $6.40
1) Turnaround Quarter $0.29 EPS vs a loss of $0.29
2) Strong comment by the CEO about next quarter
3) 1.5m float 2.9m shares o/s
Thin and volatile. Not for chasing or large positions.
Sure does remind me of the stock BOOM when it first turned around and took off.
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Welcome to super-trades.com, blog home of Superman. Purpose of this blog is for me to discuss my trades and stock ideas (As well as opinions and rants on stock market related issues). I will mention the date and price I enter. As far as exits, I always try to take half off when I have some profit and if I believe in the stock, let the rest run further. I always also use mental stop limits, at which time I would exit and minimize any losses. I do not like to give price targets unless I can support them by P/E in some way or by comparison to another stock. I just post stock trades and ideas that I believe will go higher (or lower for shorts) and the reason I believe that. Individuals should have their own strategies for managing profits and losses. My stock picks tend to NOT be daytrades at all and many take time to move. I am not an investment advisor and this blog should not be considered or followed as investment advice.