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!
Oh MAMA!
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Originally posted by Peter Hansen View PostMAMA 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.
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Ski Me Also
Originally posted by skiracer View PostI 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.
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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
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Originally posted by skiracer View PostMAMA 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.
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Originally posted by skiracer View PostMAMA 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
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Originally posted by IIC View PostI made .21 on MAMA on the long side today...It was a classic reversal period trade...Doug
Last edited by skiracer; 12-23-2006, 10:43 AM.THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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Originally posted by skiracer View PostWhat 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.
THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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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
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