3SOF

Thanks  Terliso!

It's been a fun ride MAMA but daddy's got to find a new jewel!!  Just sold today!!

Unfortunately I got stomped out at 5.50 which I'll take anyday. 

Thai

There is a rising wedge here in the 4 day chart so be careful if it breaks its support line.  Just a bit of warning for all you holders out there.  Good luck!

Quote from: thai626 on December 19, 2006, 01:26:04 PM
Thanks  Terliso!

It's been a fun ride MAMA but daddy's got to find a new jewel!!  Just sold today!!

Unfortunately I got stomped out at 5.50 which I'll take anyday. 

Thai

Well, profit is a profit Thai626... but MAMA gave another 14% today... what a move man, from 2 to 6 in just a matter of days.

You cannot fight with T3ML mometum

Wow...MAMA just ran 20% plus in 20 minutes from about 6.20 to 7.90. 

I cannot understand this.  Currently at 7.40. 

Got Orphan Drug designation for its smallpox drug. 7 years of
exclusivity in the US if approved. 100% protection against human
smallpox virus in a primate trial. Smallpox designated by the
Department of Homeland Security as a "material threat" to our national
security, qualifying SIGA -246 for purchase for the Strategic National
Stockpile under Project Bioshield. Currently, there is no effective
and safe smallpox therapy available without the risk of significant
complications.

Quote from: Terliso on December 18, 2006, 01:32:13 PM
Ohhh my MAMA, why did i leave you...... 

My sentiments exactly!!  MAMA mia!!!

Lesson #1: A stock that has run a lot can still run some more.

I need to start learning this rule because MAMA came up on my scan Monday night and I considered buying it but didn't because I thought it had already run too much   Boy was I wrong.  Anyone have any idea what it'll do from here?  Up AH too.

MAMA is just crazy!!!

I bought it last week at $3, the day it broke out, and oh... if I had just only held on!!!  Have been in and out of it several times since, always making solid gains, but if I had just held on tight I would be up 150% on my original investment of siginifcantly more shares!!  Still up 67% on my original purchase, while working to protect profits, so not to unhappy.

Anyway, I can't figure this out, MAMA has traded double its float basically every day since this breakout, it really doesn't make sense how much longer this can continue, I was sure when it failed at the 6.50 level today that it would be done for, but no!!

I guess the rule to remeber is: the trend is your friend.  MAMA has shown a clear ascending trend throughout this move, at which it has found support (and provided good buy ops) several times.  Seems simple, but when you have an established trendline, hold it till it breaks!!!  However now we get into silly country as MAMA went balistic in the last half hour or so.  It could keep ripping tomorrow or pull back some.  I would watch for that trendline support to come into play at some point, unless another pattern emerges.

Is it safe to say yet MAMA is out of control? No way can it maintain current levels of $8+. If I were long right now, I'd be running as far away as I could.

Tried to short at $8.50; no hope 

This is it for MAMA, BIGGER volume & a Doji...that's the top IMHO

Mamma.com Stock Up, Analyst Urges Care
Thursday December 21, 5:30 pm ET
Mamma.com Shares Continue to Rise, Analyst Urges Investors to 'Tread Carefully'

NEW YORK (AP) -- Mamma.com Inc. shares rose again Thursday as investor enthusiasm for the search engine's new video feature showed little signs of waning, but an analyst called for caution on Wall Street.

The Montreal-based company's stock price has more than tripled in the nine days since the video search function was announced. The stock -- which traded at 86 cents in late summer -- hit a 52-week high of $8.60 on Thursday.

"We urge investors to tread carefully as the stock appears to have detached from fundamentals," wrote Merriman Curhan Ford analyst Richard Fetyko in a research note.

Fetyko pointed out that with the stock price so high, the total value of Mamma.com compared to its annual sales -- a commonly used valuation measure -- is approaching that of U.S. search industry leader Google Inc.

"While the video search functionality is an attractive feature and could help increase consumer traffic to the Web site, we do not expect that to have a material impact on revenues."

The analyst wrote that he expects Mamma.com's fiscal 2006 revenue to fall 16 percent to $8 million year-over-year, and remain flat in fiscal 2007.

Shares of Mamma.com rose 64 cents to $7.95 on the Nasdaq

I am out and clear of MAMA for now, made my final trade yesterday and will see how it reacts to the trendline I posted previously.  Personally I get the feeling MAMA is headed for a big crash, but we shall see. 

EDIT:  Here's the intraday with the trendline.  The original trendline is in dark blue, a secondary steeper trendline in light blue.  Looks like MAMA will be flirting with it at the open....

MAMA hit and reacted to the ascending trendline.  Was forming a falling wedge on the 5min chart that it has broken out of.  Now I'm not saying its a buy - yesterdays island top looks awfully menacing, but it may show some positive action from here.  Too dangerous for me to play right now, but a stop right below this trendline would give decent protection.

company has no earning........ better be careful.  sell when earning comes out.

Quote from: Terliso on December 21, 2006, 04:58:24 PM
This is it for MAMA, BIGGER volume & a Doji...that's the top IMHO

Yup, Bullseye