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Muscle Pharm Corp. Message Board

  • gtmac gtmac Sep 26, 2012 6:16 PM Flag

    Bottom in?

    From a chart perspective, I was looking for the price to hit 0055 as a bottom. Hit 0059 today and bounced up to 0070, but it couldn't hold the gain and finished flat. That nice bounce gave me hope that others are waiting to buy at this level too! We have 2 more days in the quarter with them keeping silent, so we may still touch my bottom price of 0055-56 before then. Look for a move to 012, 50 day MA, in October when we start getting news.

    Sentiment: Strong Buy

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    • I added to my position down at these levels, I figure these is 'good' news that is available for this stock. They are adding retailers, adding products and they have a pretty widening fan base.
      I think they have a chance if they can change some things around. Im still holding and my average is pretty low now.

      Sentiment: Buy

      • 1 Reply to mtc44380
      • I think part of the shares from the prospectus are already priced into the stock to cover short positions from some of the selling shareholders. Ever since the draft prospectus was released on 8/30 the stock has been red nearly every day, so with this final one issued we'll see short covering and some buying to get the price up higher for the other selling shareholders that aren't doing arbitrage. You should do good buying at these levels.

        Sentiment: Strong Buy

2.10+0.04(+1.94%)Oct 21 3:59 PMEDT