I am ONLY trying to reveal what I can to help ALL members decide what to do with MM stock. If You are Long or Short I don't really care. I hope EVERYONE makes $$$$$$ but I can honestly say this = IF You are short here at $ 7 range You would be VERY Wise to cover or You WILL Lose Money. There is Going to be more news flowing out of MM before next earnings release.
Sentiment: Strong Buy
Bruiser I always appreciate your incites. I am long MM. I personally feel that without major buyout rumors, we may spike or drop, (I think we will go up steady to the $8 range unless there is a large market pullback) but either way, I think we go way down again after Q3 earnings.
There has already been information that there will be growing pains, the merger won't go through in Q3 and they likely won't lose money (HOPE to break even in my estimation).
That said I really believe that after that over the next year this stock is going places. Between market share, the future of monetizing tech, and buyouts, I think we see in the teens, easy. I am still apprehensive that MM can make money instead of simply "growing"
I agree that this is a great price here and shorting might not be the smartest thing, but there are some factors that are keeping investors away short term. The combination of the Jumptap dilution (which is a significant amount) and the inexplicable fears tormenting the market due to the FOMC taper hype, make this is a stock that will bounce around between 6.50 and 7.50 (if that high) at least until Bernanke's next fluff speech. The market is a mess right now and stocks like this are going to pay the price. Chinese buyers isn't enough to blow this up as today illustrates. We were at this price a few months ago and that was pre-dilution. Be patient though. A year from now you will be swimming in cash. Hopefully 7 is the new short term floor.
Agree. In addition everyone is gone early into the weekend. Wall street is empty you can tell the last weekend of the summer. I feel very comfortable knowing our new investor has bought into the dilution and the consolidated companies. I will keep accumulating at these price levels. I am glad we did not see that pop today. This is a long term play.
Sentiment: Strong Buy