I really think most of the bad news is priced into MEG already and could see a pop tomorrow morning after the earnings.
Great call there trade_ster! Down 12%. Who's "clueless" now?
You are danny boy. You could have sold yesterday for a very small loss. Besides, I, unlike you don't buy stocks I know for a fact are huge losers. You said it yourself right after you bought and I quote........
" Look at the chart how it jumped from $2 to $4 in one day. $2 would probably be a level to load up for next year."
It take a true moron to buy a stock that in their gut feeling they know it's going down. Come on danny boy!
As for smithmanmodel10 statement that and I quote again.......
"This is just the type of petty back and forth that ruins these message boards." I beg to differ. What went on today in the MEG message board is what has ruined the message boards JACKWIPE. Worry about the responses to your threads and stay the eff out of my business.
I sold today @ $2.97 for a $1700 loss. This trade didn't work out, but I didn't want to go into earnings holding these shares. The loss could have been much worse. I'm not willing to take that chance. This stock could see low 2's very easily.
I sold today @ $2.97 for a $1700 loss. This trade didn't work out.
LOL......Sold at the bottom huh danny? Buy em' high and sell em' low. Up 5% today so maybe it's time to jump back in or you wait for a higher price.
Let me give you a little piece of advice danny........Stay out of the stock market. You're clueless.
I'm in for $20,000 at $3.25 per share.
Well you're screwed! But not to fear...
Grab those pom pom's, get that spirit up and pump. Pump baby pump.
Go MEG Go...Go MEG Go...Go MEG Go......
MEG to the moon......
2...4...6...8...who do we appreciate?
MEG, MEG, MEG
Let's go MEG longs, let's get this puppy smokin'
I bought about 10,000 shares today...will continue to buy. It's now cheap as the TV stations are too attractive and they aren't going BK...the banks will want to work this out with them.
So for all the folks smart enough to buy right now...enjoy the next 12-24 months...we will do very well. Won't be a straigt line but we'll be fine. Reminds me of when i was buying Supervalu at $7 and rode it to $10...same fear and will be the same result.
I'm only looking for a short term (few days) trade. I want to be out before earnings on July 18. If you think the last few years of reports have been ugly, I suspect this one will rank up there with the worst. You may be right about the longer term prospects as a result of Olympics, elections, etc. but I believe we are likely to see low 2's very soon. We still need to fill that gap from 2009. Look at the chart how it jumped from $2 to $4 in one day. $2 would probably be a level to load up for next year.