MNGA is shaping up to the be the energy play for the year as management unveils latest deal involving the sale of MagneGas®. Is a $2 valuation the next major milestone?
What are the boomers in USA?
Cover now or lose $$. Out of all the stocks, why short this stable bank? duh!
I've spoken about head winds before - a slumping European economy, declining euro, the shadow of regulations in a lack of dividend, despite fair earnings. They may be shifting. The European economy may be bouncing back a little sooner than expected, the euro is recovering from its lows (its up about 10%), and the dividend has been issued. We are solidly over 16. Perhaps we are finally recovering.
We do seem to be marching towards that. Slowly, but steadily.
The earnings seemed to have come out nicely, and the dividend issued. We are nicely over 16 in early trading. Maybe the march will continue.
I remember one time in about 2003 or so that the stock steadily rose for nearly 4 weeks. Every day it was up; maybe only a few pennies or so (and the euro price might have been off on a few days, but the euro was up which still resulted in a US up day). If we could only repeat that.