MEMY - Sector: Healthcare --- Industry: Biotechnology & Drugs

[xwhois]

David, Thanks for MEMY. Nice pick got in and got out. Looking to get in again.

I have donated $300, please up my status when you get a chance.
Username: "xwhois"

Thanks.

[setravis]

This one was also up in After Hours Trading...........

MEMORY PHARMACEUTICA (NasdaqNM:MEMY) Delayed quote data 

<<<<<<<<<<<<After Hours (RT-ECN): 3.06  0.07 (2.34%)>>>>>>>>>>>>>

Last Trade: 2.99
Trade Time: 4:00PM ET
Change:  0.44 (17.25%)
Prev Close: 2.55
Open: 2.66
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: 6.00

  Day's Range: 2.65 - 3.21
52wk Range: 1.75 - 7.75
Volume: 3,132,771
Avg Vol (3m): 242,080
Market Cap: 62.90M
P/E (ttm): N/A
EPS (ttm): -1.47
Div & Yield: N/A (N/A)

[David Randolph]

David, Thanks for MEMY. Nice pick got in and got out. Looking to get in again.

I have donated $300, please up my status when you get a chance.
Username: "xwhois"

Thanks.

Thanks for your donation xwhois, you're already an Honours Member of 3 stocks on Fire 

I'm not thinking about selling MEMY at this point. Just look at the incredible volume the stock is trading compared to its historical volume. I see at least $4.5 on the horizon.

This thing that the stock does, not closing at the high of the day, is quite bullish, because this way, altough it opens higher on the next day, it doesn't do it on a gap up.

Profit taking is taking place as xwhois did, but the stock holds and continues to move higher. I have a 35% profit on MEMY and I will let it grow, the trend is my friend.

[stocky]

Did not trade this stock and have some regrets but must applaud atleast three time for such a great pick. Well done David.

[Amarens]

Let's not forget it was Julia's pick before David got into it!

So Stocky you might want to applaud Julia also for het great pick!

Amarens 

[Amarens]

Hi,

Julia, since many people are applauding David I had to applaud you. You had the first pick!

Congrats and thanks.

Amarens

[AussieTrader]

I have traded MEMY twice in a few days now for great gains, sure I could have held for similar result, but I am just making sure I book profits on some of these movers. I sold MEMY yesterday as it seemed to be struggling to get past the $3 zone, also the 200ema 'ceiling was just above at $3.34. On my intraday chart you can see MEMY had 3 touches at $3.20 (white horizontal line) only to fall back each time. Now David's point about the vol and $4.50 target is very valid. So I am going to look to get back in on a move above $3.20, I'll probably put a limit buy at $3.23 or so because if it takes that level out it will move ahead and turn resistance into support. I'll watch opening few bars to define my re-enty plan.
Resistance touches on Intraday Chart:

[stocky]

I will applaud julia once i am back from work. Thanks for pointing out.

[Stocky2000]

thanks aussie for your analyzing....i got a good trade  bought 2.38 and sold today in premarket at 3.07

[light]

any one still holding?
what should do now?

[light]

newbie needs help here,I am a bag holder now with lose. any help? any one see more down side than up side ?

[basonista]

Don't worry too much, light.  The stock almost doubled in just a couple of days so a little profit taking is normal.  Plus it's Friday, the end of the quarter and the market has been mixed today.  David is confident that it has a lot of upside potential so let the trend be your friend.

With that said, be comfortable with your trade.  If you're not going to be able to sleep this weekend because of it's move down, then take some off the table to a point that you are ok.  No sense ruining a perfectly good weekend on a single trade.

[usedcasting]

newbie needs help here,I am a bag holder now with lose. any help? any one see more down side than up side ?

I believe David has laid out a plan which would indicate that he is holding at this level.
Just a bit of friday profit taking after a good week!.

All the best

uc

[robt]

If you are experiencing a painful loss, then by all means you should sell at least some of your stock, but this decision is yours. I don't think David will sell, but he often does say to never allow a profit to become a loss.

I took a small position, and reacted to this drop by buying further; price has recovered a bit since then, so I am close to break-even. Again, this is my decision, David does not recommend buying more of a losing stock.

I am planning to exit soon if stock doesn't show signs of a rally before the close, though I will be reluctant to do so in the face of such significant insider purchases.

This is a very small-float stock, which means it can be very volatile, which is why I approached with caution. New investors should especially be wary of small floats.

They often come back as quickly as they fall, but not always.

If it's of any comfort, consider that today is showing considerably smaller volume than the recent "up" days -- today may not even total 2 million shares, while the up days were 3.2-3.8 million. This means that most buyers are holding through this.

[echo]

I agree with others who posted. some profit taking is healthy for this stock.Its had a big run up and this down turn today is not that significant.