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.
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...
Looks really good. Even the company starting buying back shares Friday. Thanks!
ReplyDeleteChad,
ReplyDeleteNo 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...
MPR...
ReplyDeleteSo far it is up 23% from the buy point.