sebastian

Blog/Website:sebastian @ tradeSignum
Gender:Male
Intrested in: Technical & Fundamental analysis
sebastian is a member since 23-May-2011.
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[MEGB] MEGB: Market Always Corrects Itself to the Fair Value

MEGB is a good stock. It's a good long term buy for now. For now, a 10% fall from yesterday's close of 1.87 is envisaged. Any short term upside may just be flash in the pan unless the market as a whole turns extremely bullish, which is unlikely for now. The company is fundamentally sound and I wouldn't be surprised that it would be an M&A target. This however is a long shot. Wait for the price to bottom out. Thereafter, it might hit about 3.00 by Jan/Feb 2012
1-Jun-2011 1:24 PM

[MEGB] MEGB: Market Always Corrects Itself to the Fair Value

Caution. True MEGB is oversold. But present buying volume remains low. There is bargain hunting, no doubt. But unless the stock closes with a confirmation candle today accompanied by very high volume, the stock will move downwards. The next support level which may come close to the year's low will be ideal to buy
1-Jun-2011 10:15 AM
11 - 12 of 12 | Page: 1 [2]
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