Being long on a stock has nothing to do with the actual chart short term. Short term the actual chart has two very large gaps that could fill pretty fast. Now in 3-4 months will the current chart matter I guess time will tell. You can be long and still not like the current chart on any given stock. Its just a matter of weather a person wants to wait it out for the chart to correct and continue higher or not.
Newsguy (and all of us) do not like the gaps being produced from the company releasing news before trading.. They should release the news during the day....
MNGA lol..I don't like them when they get filled..this one has gaps almost back to a buck..and yes I am VERY long on this company..I'm holding over 30k shares with a sell order at $3.00