Masi

[Sikhinvestor]

Hi Guys,

I bought at 30.03, the shares have gone down about 10% since I bought, was wondering should I exit out. I bought 100 shares, I know its nothing major for the elitetrader geniuses out there, but I just wanna cut my losses short.

Does anyone have any advice on this stock right now? The fundamentals look good, I am willing to hold it for 2-3 years, but I dont want this stock going to $15 bux, and losing 50% in the process.

Thanks,

Sikh Investor
[God Bless America]

 

[yoohoo]

8 months data and you want us to tell you what it will do over the next 2-3 years? Could it tank in that time and go to zero? Who knows - possibly.

Right now it's on support at 26 but it's in a confirmed downtrend so I'd expect more downside. Looks one sick puppy to me but I'd need a crystal ball to tell you it's medium to long term outlook.

Buying at 30? Did you buy because it went up 3 days after it broke the 30 support? If so 30 was resistance and it was all down from there.

In a nutshell, the charts look sick but not enough data to see any real support. Downside is unpredicable but expect more as volume has been increasing as this puppy sinks.

Sorry mate - can't give you anything positive. This was one to short.

 

[HolyGrail]

chart is very ugly. Remember that most IPO's are selling at or below their introduction price after the first year. If you're truly in in for 2 or 3 years because you think it is a good company then stay in it. If you just bought it, and you are worried about a 3-4 dollar decline then you obviously are not in it for the long term.

You do need to work on your entry points when selecting a stock. You bought at the wrong time, and I am not looking at it after the fact and saying that. The stock has been in a distinct downtrend since Janyuary 8th of this year. I also wouldn't trade a stock as illiquid as this one is.