The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Friday, October 10, 2008

Oversold: MPR

MPR in at 9.45-46


MPR looks like a good buy at the moment. Also, the increase in volume is helping out as well on an otherwise, extremely thinly traded stock. A little liquidity goes a long way.

3 Comments:

At 1:17 PM , Blogger Chad said...

Looks really good. Even the company starting buying back shares Friday. Thanks!

 
At 12:09 AM , Blogger Nick M. said...

Chad,

No problem. Its large volume spike caught my attention. Plus it looks quite oversold. I also saw the news for the stock buyback. I wonder what their motives are. Maybe an improvement in EPS in the upcoming quarters or perhaps just because of the discounted stock price? We'll soon see...

 
At 1:35 AM , Blogger Nick M. said...

MPR...


So far it is up 23% from the buy point.

 

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