MAMA – Mamma.com Inc. (Nasdaq) (Closing Price – $4.22)
In my last post I stated that I thought Mamma.com would fall through its support level. However, this hasn’t happened so I am going to recommend to cover your short position in Mamma.com if you have not already done so.
Mamma.com may still fall but I think there are better places to invest your money. Also, the stock price of Mamma.com tends to jump up more than it should when the company issues a press release. Therefore, I think it would be wise to get out before some trivial announcement sends the price back up. (more…)