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Bullboard - Stock Discussion Forum Mega Brands Inc MBLKF

GREY:MBLKF - Post Discussion

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Post by onedayyyyyyyy on Mar 22, 2011 11:16am

pps

this is the 4th day after the positive earnings...sell on news has happened...pps has bottomed at .55 and now
we see it going in a positive direction...there won't be any huge spike up but I can see this at around $1 just before the next earnings release..I say this because mb went to .71 before last  earnings came out...and also, if next earnings are positive look for $1.50
Comment by KingofGoodDeal on Mar 23, 2011 12:09am
good read -- this is a classic shaking out the weak hand.   Imagine those who lost the faith and sold @.55-0.56 and thought it could drop a bit lower.   Now it bounces back to .60 in no time.  That's why i don't think MB is a day trading stock.The fundamental is getting better and better each quarter and it really takes time to turn around a company.King of Good Deal
Comment by Nununzac on Mar 23, 2011 1:33am
Buffet said:Buy when others are fearful, and be fearful when others are buying.The recent drop was a hell of an opportunity. Even though my credit is maxed out for a previous buy of MB, I searched hi and lo in every nook and crack for some more dough and bought some more shares. It may be a while, if ever, b4 we can buy again at 55 cents. Personnally, I want this stock go back there so that I can ...more  
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