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…)
The 2007 Market at Midyear
At the beginning of the year I gave my opinion that I thought the overall markets would be flat or down on the year. So far I have been proven incorrect as the Dow is up over 8% on the year and the Nasdaq is up 7%.
However, I still feel the U.S. markets have gotten ahead of themselves and they need to take a breather. The economy grew at a 0.6% clip the first three months of the year and the Fed is projecting growth of 2% to 3% in the current quarter. The growth in the economy certainly doesn’t justify the increases in the U.S. markets, especially considering the gains that were made last year. (more…)
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