ModusLink Global Solutions, Inc. Message Board
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MLNK target : $12
If you look at MLNK chart, the stock is far below its 50 DMA, 100 DMA and 200 DMA. It means MLNK is over sold. If you look at MLNK Stochastic Oscillator chart, the %K line is crossing above the %D line, which is a trigger for STRONG BUY!
http://finance.yahoo.com/q/ta?s=MLNK&t=1y&l=on&z=l&q=l&p=m50%2Cm100%2Cm200&a=ss&c=
Above is a MLNK 2012-08-18 chart (50 DMA, 100 DMA, 200 DMA, slow Stochastic Oscillator)-
MLNK will receive $1,550,152.00 from Encore Holdings, LLC.
This will be a positive fact for the next quarter report.Sentiment: Strong Buy
- 2 Replies to chart.analyst01
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See the following information:
On January 11, 2013, Tech for Less LLC, which changed its name to ModusLink Recovery LLC on January 13, 2013 ("TFL"), a wholly-owned subsidiary of ModusLink Global Solutions, Inc. (the "Company"), sold substantially all of its assets (the "Disposition") to Encore Holdings, LLC ("Encore"), pursuant to that certain Agreement for Purchase of Assets, dated as of January 11, 2013, by and among TFL, the Company and Encore (the "Purchase Agreement"). The consideration paid by Encore for the assets was $1,550,152, which consisted of a gross purchase price of $1,869,530 less certain adjustments. -
why will MLNK pick up 1.5 mil from encore holding.
Sentiment: Hold
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Double bottomed. Ready to rebound. $12 is possible.
- 1 Reply to chart.analyst01
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The worst case of MLNK is over. In the year 2013, MLNK will be in the up trend. First resistant line is at around $6.00. Our target for MLNK is $12.
Sentiment: Strong Buy
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