Did you get in on Copper Fox yesterday? Is MCZ next?
February 23, 2011
– Comments (4) |
RELATED TICKERS: MCZ
I get as many calls wrong as I do right, but who likes to talk about their losses? While it's only been a one day, my call yesterday to scoop up some Copper Fox yesterday with sell off looks pretty good as the stock is up 12% this morning. I hope people who wanted to buy this stock were able to get in yesterday.
We could still see it come back down, as commodity stocks are highly volatile. Anywhere around $1.15 seems like a good entry point to me.
My next call is for MCZ to recover in the next month or so. I bought this stock when it was first mentioned on the Fool, after doing my own DD (was this a GoodVibe pick? I can't remember who first posted.). The stock shot up near $2 recently and has since fallen back to $1.60. I should've taken some off the table. but my theory when I bought this stock was to hold for the long-term - I can be patient. $1.50 looks like a good entry point and I think we'll see at least $1.75 by the end of March.
Good luck and do you own research.
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