Migao has bounced back nicely since its recent low of $5.51 during that wild session on August 16th.
In two weeks' time, the share price has jumped back up to $7.82; that's almost 42% in two weeks! For this reason alone, I decided to sell my Migao shares today and wait for a re-entry point later this year. We'll see how this decision turns out.
Friday, August 31, 2007
Migao - Too Much, Too Soon?
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1 comment:
Well just my luck, Migao went as high as $8.77 today, closing at $8.61 (up over 10%) for the day.
Sigh... so much for my risk management technique (in the short term). Let's see how it will turn out longer term...
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