Monday, October 22, 2012

MEG is correcting


Of all the stocks I had before, I can say that MEG is the one the had given me the most. With a projected fair value of 2.87, MEG is slowly inching its way up to its target. This was recommended by a mentor and became of MEG follower eversince. It doesn't have a big wave but its technical movement is quite predictable.

I just sold my shares for this stock when it has reached 2.47. It reached 2.51 level but with the gain I had, I am already satisfied. Also I have a strong feeling that it will have it's technical correction soon.

And it seems that I am correct! Now on it's 2nd day of down trend and I am simply waiting at 2.33 level to buy some shares again.

Caveat!

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