ModusLink Global Solutions, Inc. Message Board
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I got in around $2.25. how long should I hold this
advice appreciated
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sell 2/3 of ur position and keep 1/3
- 1 Reply to bobof1y777
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thank you all
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GET OUT NOW!!!
- 1 Reply to balsski
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I got in at $14.45...does that tell you anything? Get out before you lose it all!
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Nobody has ever lost money selling for at a 30% profit, congratulations on the entry point. Short of the last several day down draft MLNK has been trapped in a trading zone between $2.80 and 3.40 and without news of some type of turn around strategy from the new CEO I don't see it going much higher and could drift lower than as buyers in and around your entry point grow tired of the tight trading band. I personally think $3.20-3.30 is realistic in the short term but more than that is doubtful without a catalyst.
Good luck.Sentiment: Hold
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Most investors are under water and probably over $5. You are in a great position. I would hold until next earnings in early March for a runup close to $4.00
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