MRGE was discussed on 06/09 when it was trading at $3 with a price target of $4-$4.50. It touched $4.78 on 07/07. I recommended to take some profits at $4.40. The stock dropped to $3 today even though nothing really changed since the day it was recommended except the company acquired some healthcare companies recently, which is good for MRGE in medium to long term. Technically the stock looks little weak but will find some support at low 3's and will not give you a chance to buy when the momentum picks up again. So keep an eye on this stock and buy when the momo begins.
A general Caution and Advise -As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!
- ► 2013 (33)
Who is Mr.Incredible?
- New Jersey, United States
- Mr.Incredible is a Momentum/Technical Breakout player who trades small/micro cap plays and who saw a 600% Growth since 2006, Yes even in this down market. I am going to post my real trades (including profits/losses) soon...As a general caution and advice Please start with a small position and always keep your stop losses in place just in case....As usual Do your DD before investing. Thank me for your profits and don't blame me for your losses because you are the one who pulled the trigger!!!