MFLX ==> The Exelauno Day Winner

[marc_ely_invest]

I am always astounded by how "news" goes down on the markets. It seems that it is always bad news.
So MFLX narrowly misses some numbers created by analysts, and the world ditches it!?

Based on MrMarkets techniques this stock is still a good stock. MFLX are growing and making good money.

Does the extreme drop now offer a good point to get some extra cheap shares in a quality company? Or am I being naive here?

[spikefader]

MFLX: 2-day count looks like it's done a 1 down last night, then 2 overnight, then 3 down with subwaves today, 4 up starting about an hour ago, and is now due a 5th down to new lows (or truncated). That makes the 44.00 area the 'c' for the subwaved 3rd....and that would be a great r/r short right there. Actually short here 43.50 with a little over 2% risk stop above the 'c' looks good. Target....hmm NB, whatcha think? That gap fill target down at 21.50. That would be 50% profit, risking 2% or r/r of 25. Niiiiiiiiiice

[New-born baby]

I am always astounded by how "news" goes down on the markets. It seems that it is always bad news.
So MFLX narrowly misses some numbers created by analysts, and the world ditches it!?

Based on MrMarkets techniques this stock is still a good stock. MFLX are growing and making good money.

Does the extreme drop now offer a good point to get some extra cheap shares in a quality company? Or am I being naive here?

You might want to wait until MFLX bottoms out. The STOs will tell you. Today's action points to a sub $30 share price. Really.

[spikefader]

Chart with count.

[New-born baby]

Headed to the close

MFLX is headed to the close, and it appears it may even trade at the low of the day . . . if so, that is even more bearish . . . . UGH.

[jiesen]

that's the difference between you and me, NBB. The lower it gets, the more I want to buy...

[New-born baby]

Yup

that's the difference between you and me, NBB. The lower it gets, the more I want to buy...

Yes, that's the difference. She's trading at the low of the day, and that pretty much means that you are going to want some more of this stock because it is going to go lower.

[Rob]

that's the difference between you and me, NBB. The lower it gets, the more I want to buy...

I hear ya, Jeisen. Yesterday I wanted so bad to buy PARL around 26.50, had a few opportunities and never went for it. Sure wish I had now.

[New-born baby]

Downgraded

MFLXowngraded

Multi-Fineline Electronix Inc., down $16.14 at $43.33

Baird & Co. analysts downgraded the chipmaker to "neutral," citing concerns about declining revenue growth, weak cash flow and its planned acquisition of MFS Technology Ltd.

[sisterwin2]

OH GOD.... well, at least I am making up a bit of the cash with Peix.

[dmk112]

Dave, if you missed the previous posts, its the button that look like this:

[sisterwin2]

Dave, if you missed the previous posts, its the button that look like this:

At least I giggled at this one.... not all lost.

[DSteckler]

<< Dave, if you missed the previous posts, its the button that look like this: >>

What button?

(LOL!)

[New-born baby]

The Future of MFLX

Okay you martyrs out there. I know you are looking for an entry. Can't wait to join the battle. So here's some info for you on MFLX--are you sitting down?

1. Weekly says MFLX is still OFFICIALLY in an uptrend, even after today's $17.90 carnage. I know you don't believe me, so look at the chart. (Mildred just passed out. Can someone get her a glass of water and some smelling salts?).

Want more good news? Read the next post. And Dave. DAVE! Hit the button, will ya?

[New-born baby]

MFLX: what's next, post #2

Did you read the post above this one? If not, back up one post first.

Calling all martyrs. Line up here for your MFLX info.

Okay, you want the good news, and I have more for you.

1. PNF insists (and I knocked the computer up side the head twice, and yet it still insists) that the target was $47 AND NOT LOWER. In other words, we have no revised lower target for this stock. But the thing about the PnF is that it does not anticipate formations. It won't tell you until the chart has already moved more than $1.50 into trouble, and then it says, "Hey, bucko. You should have left $1.50 ago."

2. RSI and STO and ULT say that investors got a little too carried away today and now MFLX is oversold.

3. I am thinking that MFLX is going to hit that support at $41 and bounce for a few days. Not that $41 is going to be the ultimate bottom. NoSIREEEEEEEE.
That's where you martyrs come in. You see, there's a thing called a 'sucker's rally' in this here type of chart play. If you want to read about it, click on "Bear flag" at the bottom of this post. You watch the action for the next 20 days. You'll see.