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MECA

(Nasdaq: MECA)
Position Opened at 1.06 I just mentioned it and saw a news alert hit stating
12/21/2007 14:44 *DJ Magna Entertainment Corp. To Sell Austrian Ppty For EUR20M

Rolling the dice, on a bottom chart play

http://www.thatstockguy.com/2007/12/21/just-an-update/

Edit Position closed -2.93%

This entry was posted on Friday, December 21st, 2007 at 2:49 PM and is filed under Closed Losers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “MECA”

  1. ThatStockGuy says:
    Friday, December 21, 2007 at 3:44 PM

    I’m not sure what I’m going to do with this one. More times then not action on friday rarely carries over to Monday.

    Short interest
    Shares Short 3,281,000
    Days to Cover (Short Ratio) 19.3
    Short % of Float 3.17 %

    Stock is at resistance at 1.10-1.11

  2. ThatStockGuy says:
    Friday, December 21, 2007 at 4:03 PM

    Well will see what Monday brings [-o< :-ss

  3. ThatStockGuy says:
    Wednesday, December 26, 2007 at 10:44 AM

    I’m out 1/2 at 1.12. I didn’t like the fact it went red on Monday. If it happens again I’ll close the position. To early to say if this has broken out from a wicked down trend.

  4. ThatStockGuy says:
    Wednesday, December 26, 2007 at 10:41 PM

    TrackNet to include New Jersey tracks
    Wednesday December 26, 4:06 pm ET
    http://biz.yahoo.com/bizj/071226/1568623.html?.v=1

    Lets see if that news can take this into the mid 1.20s

  5. ThatStockGuy says:
    Monday, December 31, 2007 at 10:38 AM

    Position closed .97 -2.93

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