Oh MAMA!

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  • Peter Hansen
    Banned
    • Jul 2005
    • 3968

    Oh MAMA!

    Wow look at that MAMA strut her stuff.....This stock is sailing higher than a kite on steroids......Is it too late to jump on board with a 10% trailing stop loss? Guys and girls what say you? Sure looks tempting .....but as you know this one can drop faster than a GI's drawers in girls town LOL. ladies and gents ...Merry Christmas ...Happy Holidays ....and may next year be a healthy and prosperous one for you! God Bless America!
  • Peter Hansen
    Banned
    • Jul 2005
    • 3968

    #2
    MAMA Up ONLY 6.6% today

    MAMA still running ..........up 6.6% today.......but maybe nearing the end of its run. In after hours trading it is down 1.28%? Anyone make money on this one ?

    Comment

    • Websman
      Senior Member
      • Apr 2004
      • 5545

      #3
      Originally posted by Peter Hansen View Post
      MAMA still running ..........up 6.6% today.......but maybe nearing the end of its run. In after hours trading it is down 1.28%? Anyone make money on this one ?

      I not sure if the shares are available, but I have MAMA on my short list for tomorrow. Daytrade only though.

      Comment

      • Peter Hansen
        Banned
        • Jul 2005
        • 3968

        #4
        Web Right ON

        Originally posted by Websman View Post
        I not sure if the shares are available, but I have MAMA on my short list for tomorrow. Daytrade only though.
        This puppy MAMA has run up to fast too far ......this baby is ripe for a fall .......smart move

        Pete !

        Comment

        • Websman
          Senior Member
          • Apr 2004
          • 5545

          #5
          Originally posted by Peter Hansen View Post
          This puppy MAMA has run up to fast too far ......this baby is ripe for a fall .......smart move

          Pete !
          Wouldn't have been so smart today. Good thing I wasn't crazy enough to try it...

          Comment

          • spikefader
            Senior Member
            • Apr 2004
            • 7175

            #6
            Originally posted by Peter Hansen View Post
            This puppy MAMA has run up to fast too far ......this baby is ripe for a fall .......smart move

            Pete !
            I'd suggest looking for a 2-day 5th completion at around $10.10 tomorrow, which is around price resistance from '04.

            Comment

            • skiracer
              Senior Member
              • Dec 2004
              • 6314

              #7
              I don't know what it will do tomorrow but I can't imagine buying it long right now. It is going to make for a nice short term short play here soon. I would be watching for the short play.
              THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

              Comment

              • Peter Hansen
                Banned
                • Jul 2005
                • 3968

                #8
                Ski Me Also

                Originally posted by skiracer View Post
                I don't know what it will do tomorrow but I can't imagine buying it long right now. It is going to make for a nice short term short play here soon. I would be watching for the short play.
                Ski ....I must admit I never did anything with this one ( MAMA) also......but willl look at it today for a quick day trade with trailing stop loss.......one never knows when the shoe will drop........but I tell ya mama.com is not a bad search engine.

                Comment

                • skiracer
                  Senior Member
                  • Dec 2004
                  • 6314

                  #9
                  MAMA has me salvitating over the coming short play. Plenty of room for profit taking built up under these levels. When this one starts to fall the domino effect will be to much to stop it before it sheds some big numbers. Chances are today being a take the money and run day could be the day. Be on the lookout for the coming short play

                  Did anyone else make this play today. Great opportunity to the short side. Still plenty of downside left in the tank in my opinion for next week.

                  Runner,
                  Are you saying you like the stock as a short play or long play or just to consolidate before a continuation back to the upside. If everyone who bought last week in the 12 range were to use the 7% rule for exiting they would still be above their exit line of around 11.16 levels so they should still be holding. But I think that 12 range was a bad entry point at the time according to my interpretation of the chart. It's sitting right between it's 20 ema and it's 20 ma. and those ma's are providing support right now but barely. I still like it to drop to that 9.50 range. I was interested in what numbers you had in mind with your chart. I am definitely watching patiently for an entry at those levels if it does what I expect it to do. I would not chase it at this level even as much as I like it to the long side.
                  Last edited by skiracer; 12-22-2006, 11:30 PM.
                  THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                  Comment


                  • #10
                    Originally posted by skiracer View Post
                    MAMA has me salvitating over the coming short play. Plenty of room for profit taking built up under these levels. When this one starts to fall the domino effect will be to much to stop it before it sheds some big numbers. Chances are today being a take the money and run day could be the day. Be on the lookout for the coming short play

                    Did anyone else make this play today. Great opportunity to the short side. Still plenty of downside left in the tank in my opinion for next week.

                    Runner,
                    Are you saying you like the stock as a short play or long play or just to consolidate before a continuation back to the upside. If everyone who bought last week in the 12 range were to use the 7% rule for exiting they would still be above their exit line of around 11.16 levels so they should still be holding. But I think that 12 range was a bad entry point at the time according to my interpretation of the chart. It's sitting right between it's 20 ema and it's 20 ma. and those ma's are providing support right now but barely. I still like it to drop to that 9.50 range. I was interested in what numbers you had in mind with your chart. I am definitely watching patiently for an entry at those levels if it does what I expect it to do. I would not chase it at this level even as much as I like it to the long side.
                    I think its too early to hit it...it just started moving up a week ago. I'm trying not to watch this one because I know I'lll be tempted to do something. I already made a quick buck on it last week and figured I was lucky to get that and get out. This is a company that changes names on a regular basis..but it could easily hit double digits even in a bad market (maybe it has already, like I said, I refuse to look at the price). I think trading this one is a gamble on either side, but if you're feeling lucky, then roll 'em!

                    Comment

                    • IIC
                      Senior Member
                      • Nov 2003
                      • 14938

                      #11
                      Originally posted by skiracer View Post
                      MAMA has me salvitating over the coming short play. Plenty of room for profit taking built up under these levels. When this one starts to fall the domino effect will be to much to stop it before it sheds some big numbers. Chances are today being a take the money and run day could be the day. Be on the lookout for the coming short play

                      Did anyone else make this play today. Great opportunity to the short side. Still plenty of downside left in the tank in my opinion for next week.

                      Runner,
                      Are you saying you like the stock as a short play or long play or just to consolidate before a continuation back to the upside. If everyone who bought last week in the 12 range were to use the 7% rule for exiting they would still be above their exit line of around 11.16 levels so they should still be holding. But I think that 12 range was a bad entry point at the time according to my interpretation of the chart. It's sitting right between it's 20 ema and it's 20 ma. and those ma's are providing support right now but barely. I still like it to drop to that 9.50 range. I was interested in what numbers you had in mind with your chart. I am definitely watching patiently for an entry at those levels if it does what I expect it to do. I would not chase it at this level even as much as I like it to the long side.

                      I made .21 on MAMA on the long side today...It was a classic reversal period trade...Doug
                      "Trade What Is Happening...Not What You Think Is Gonna Happen"

                      Find Tomorrow's Winners At SharpTraders.com

                      Follow Me On Twitter

                      Comment

                      • skiracer
                        Senior Member
                        • Dec 2004
                        • 6314

                        #12
                        Originally posted by IIC View Post
                        I made .21 on MAMA on the long side today...It was a classic reversal period trade...Doug
                        What time did you make that trade? You were lucky to catch the short and quick move up because it gapped down at the open to 7.11 and between 9:30 and 10 am it meandered up to around 7.45 level. I took it short at 7.30 and it was downhill all day from there. I'm still holding the play. I probably should have exited the play at the close Friday but I think it could go to 5/5.50 level or a little lower on Tuesday. I'll be watching it closely for an exit on any move up Tuesday morning but looking at the daily and weekly I see more room for profit-taking and the downside from here.

                        Last edited by skiracer; 12-23-2006, 10:43 AM.
                        THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                        Comment

                        • skiracer
                          Senior Member
                          • Dec 2004
                          • 6314

                          #13
                          Originally posted by skiracer View Post
                          What time did you make that trade? You were lucky to catch the short and quick move up because it gapped down at the open to 7.11 and between 9:30 and 10 am it meandered up to around 7.45 level. I took it short at 7.30 and it was downhill all day from there. I'm still holding the play. I probably should have exited the play at the close Friday but I think it could go to 5/5.50 level or a little lower on Tuesday. I'll be watching it closely for an exit on any move up Tuesday morning but looking at the daily and weekly I see more room for profit-taking and the downside from here.

                          I've fallen down and can't get up. I think this news release took the air out of the big spike up. No substance in it to start with other than a news release touting their new video feature which hasn't proven that it will drive sales and earnings.

                          THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                          Comment

                          • skiracer
                            Senior Member
                            • Dec 2004
                            • 6314

                            #14
                            I held through that little bounce today an it never held and the "dead cat bounce" looks to have failed. Tomorrow should provide further downside pressure.

                            THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                            Comment

                            • IIC
                              Senior Member
                              • Nov 2003
                              • 14938

                              #15
                              Sorry...missed your post...I track my trades but not the time...although I could look it up I guess...But I wanna go watch the last qtr. of the Emerald Bowl...But the classic times are 6:50 to 7:10ish Pacific Time and 7:25 to 7:35am.
                              "Trade What Is Happening...Not What You Think Is Gonna Happen"

                              Find Tomorrow's Winners At SharpTraders.com

                              Follow Me On Twitter

                              Comment

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