MPS

[redchipper1]

The more I look at the chart on this, the more I like it.  Maybe next week will give the big bullish move upward

[David Randolph]

The more I look at the chart on this, the more I like it.  Maybe next week will give the big bullish move upward

I agree redchipper1, MPS's technical pattern is awesome. The fundamental background of this company let's me hold it until the end of December and the technical picture promises a lot, I hope it delivers.

I'll continue holding MPS without reserves.

[David Randolph]

We had this news yesterday on MPS:

Special Counsel Selected as Sole Vendor for Legal Staffing Services by Housing Authority of Baltimore City

Not very significant.

I still feel the stock is way undervalued at this point. Volume is high but the stock seems to have trouble advancing. There are many buyers and sellers. The previous trend is bullish and looking to a longer term chart, you can see the stock is at a 5 year high, which is bullish.

Although I would like to hold MPS until the end of December, I have to set some downside protection, because I may need the capital to save the 3 SOF Fast Portfolio December Edition starting tomorrow.

So I'll, continue holding MPS for as long as it is set to close above the ascending trendline on the chart below, which for today stands at $13.56.

[Terliso]

Is MPS still Safe & Fast?

[Jimbo]

David,

I know you've probably sold but I have got a TA question about the chart. Do you think it is more appropriate to use L2 instead of L1 - in that case the uptrend is still valid ?

[Terliso]

Looks like a shakeout happened in MPS...David, i hope ur not one of them... uf course ur trading plan always there to follow...but for me i put a stop loss @ $13.00 & i'm still IN holding 'till the end of december like you said... CHIAO BABY!!!