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Majesco Entertainment Co. Message Board

  • delayabout delayabout Jan 30, 2013 3:04 PM Flag

    The only way is UP

    From here great resistance at .60

    Sentiment: Buy

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    • this seems like a good area to buy except the market is sitting at 5 year high's. my worry is i'd buy in here at .60 and market goes down 1000 pts and cool sells off with the overall market. only thing to make this go up is news. positive news. management is keeping quiet and that's not good for the share price. i have no position yet i've been watching cool drop though. if 60 doesn't hold next week then .55 is the next downside target. .50 is the major psycological level for cool to hold. from looking at the 5 year chart .41 seems like the historical low. so worst case scenario .41 assuming they don't go bankrupt. i have my doubts that bankruptcy is a real possiblity seeing how long majesco has been in business. the more likely scenario is floundering around in the .40 to .75 cent range until some real positive news comes out. the last time this stock broke out from these levels it was around .77 cents. using history as an indicator the fact it's touching .60 right now would indicate lower prices to come in the short term as previous breakouts to the downside didn't stop at .60... but long term holders are probably ok as it seems to have a history of bouncing back. anyone holding even here at .60 is probably at least a double in a couple years. probably dead money for a while though. just my opinion. buy and hold and wait a couple years. and don't go all in. buy in small increments at these prices so if it does go to .50 or .40 you can average down.

    • I would tend to agree, but there is nothing really to get this going. I did not think it would fall past 0 cents.

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