microhedge
11-16-2007, 12:07 PM
Keep an eye on this one, big play yesterday with a good run on volume and many MMs lined up buying.
They have a new application running on Facebook which will put them on the map in a hurry for obvious reasons.
Look at their 1, 3 and 6mo. charts... I have been in and out once for good profit and back in... I would like to see it break .32 above its 200ma, it is trending above its 10 and 50 and just peaked above its bollinger on the 6mos.
So for now a safe in and out, not thinly traded and huge public attention so not a textbook P&D but be careful... its still a penny stock:wink:
They have a new application running on Facebook which will put them on the map in a hurry for obvious reasons.
Look at their 1, 3 and 6mo. charts... I have been in and out once for good profit and back in... I would like to see it break .32 above its 200ma, it is trending above its 10 and 50 and just peaked above its bollinger on the 6mos.
So for now a safe in and out, not thinly traded and huge public attention so not a textbook P&D but be careful... its still a penny stock:wink: