lost 19k last night and im done trading for probably good.. it was a majority of my savings and though i'm not completely wiped out, i'd rather spend my money on things that have real value or invest in another type of thing like real estate or a business of my own. this is the second time a stock has hit me this hard, and i'm just sick of spending countless hours researching and trading and only losing money
im not surprised at all
First Analysis initiated coverage on Millennial Media (NYSE: MM) with an Overweight rating and a price target of $8.00.
i think what you're saying is realistic. i used to be long and then also began to buy and sell on the dips, although i would get caought half the time and be stuck. i think regardless of the ER, they will drop the stock just because they can. the only thing stopping that would be a buyout announcement or something surprising like that. anything else, and down this goes 15% like always. What's interesting though is the past quarters, they had stayed around $7 and drop to high $5s. But right now, with ER less than a week away, and MM is only at $6.16.. whats that mean? they're going to bring it down to high $4s instead? what do you think? will they take it back up to $7 by day of earnings so they can drop it?
it was up 3% yesterday for about as much as reason as its down today.. why complain about daily movements. if you're in this heavy, you must be a long term investor anyways right?
Denver, CO – (Stocksntrade) – 04/30/2014 – Millennial Media, Inc. (NYSE:MM) firmed up on Tuesday after hitting fresh lows on Monday. The stock surged by more than 3% to close at $6.32. The stock saw a spike after heavy volumes and long positions helped the stock rally upwards.
Millennial Media, Inc. (NYSE:MM) has rather been trading in a very narrow range with no stable movement in either direction. A definitive downward trend is visible in the stock; the stock has neared its 52 week low, and is trading substantially below its 50 day moving average which stands at $6.62 and even below its 200 day moving average which stands at $7.16. This itself gives a clear picture about the loss this stock has seen in the last few months.
The stochastic oscillator on the daily charts for Millennial Media, Inc. (NYSE:MM) suggests a strong upward trend in the making, the oscillator has curved upwards which shows this might be a strong trend reversal and traders might consider this as a good entry point in the stock. The relative strength index too has curved upwards indicating a strong upward bias for the stock. We believe the stock should make some healthy gains in the upcoming trading sessions and find a resistance around $6.5 levels.
From the current levels the stock has its first support around $5.7 levels, on the upside the stock has its first resistance around $6.84 and a positive breakout above these levels could see the stock rally up to $7.15 levels. If the stock is able to sustain above $7 levels we could also see the stock test its previous high levels of $8.40.
(FIGURE): Daily Chart for Millennial Media, Inc. (NYSE:MM)
Millennial Media, Inc. announced it will be holding a conference call on May 7, 2014 with regards to discussion of its Financial Results for the first quarter on 2014; the call will be made by both CEO and CFO of the company.
Millennial Media Inc.Millennial Media Inc. (NYSE:MM)MMNYSE:MM
what do you guys think? Twitter could use a better ad system for revenue and drive users back into their website
Right. If they stay in the low $6s all the way til the ER, then i will not know what to think. My only guess is a huge gap up regardless of news unless they intend to take this much further down than $5.78. I just don't see the price staying here til ER though. It will go closer to $7.
I don't know what to think about the short float right now. All i know is that if there's any inkling of a buyout or surprise forward guidance increase, then shorts are smoked, not like they can't afford it though. However, if there's in retail shorts out there on this stock, then that's pure stupidity. They could easily go bankrupt here if this thing rockets 30-40% overnight
of course i would.. I believe in this company and think they will go far. Their share price is bound to double or more (eventually). But unfortunately, on the earnings report day, they tank it everytime. and the only person in this world who cares about MY money and what i do with it, is ME. So on that note, yes I will sell before earnings.. and i will most certainly buy back in after they drop back to $5.80s or $6. if they happen to skyrocket on earnings, so be it and i miss out.. But i will get back in anyways
so you guys can manipulate this down back to $6 regardless of the earnings report like you do every time