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ModusLink Global Solutions, Inc. Message Board

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  • j_sciortino j_sciortino Jan 29, 2013 2:47 PM Flag

    I got in around $2.25. how long should I hold this

    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

1.28-0.01(-0.78%)Jul 29 4:00 PMEDT