Replies to post #90411 on WEALTH UNIVERSITY

[VERAX]

I'm only one voice but I'm going to say this. I'm not in MPG, but I'm in YMI. Both have been lacking of late. I don't believe the choices are bad ones' the market isn't responding very well to technical analysis right now. Not anyones fault. IMHO staying the course will net a nice return. I fully believe that patience right now will yield great results going forward.

It's kinda like going fishing when the fish aren't biting. You can change fishing holes and the result is the same. Oh, if you find a good one let me know!

[jhernandez]

im holding strong because the play is still undervalued, and like what another poster mentioned, the market is not taking well to the technical analysis of it. im red as well, but my gut is telling me to be patient. good luck

[BMiles]

Ask yourself this, do you think it is going to continue down and if so and you don't want to sell because you don't want to take a loss then I ask you do some math. While you hold then your money is locked up, not doing anything for you and in fact possibly losing money if it continues to drop. Now say you sell now and eat that loss and then turn 3% a day on average or what ever % you think you could average per day or per week. How long would it take you to make up that money and are you willing to ride this one to the lower bollinger band now that it has broke below the 20 DMA? If the stock continues down then one day it should rise back up again and you should be fine, the unknown is when it will rise again. If the DOW heads for 7,800 then I suspect it could take it 2 - 4 weeks to get there, MPG would likely struggle during that entire time. Do the math for that period and see if you would be better off selling and making money elsewhere or holding for when the stock returns to the level you purchased. Just giving you some things to think about to help you with your decision. It always comes down to risk / reward factor.

Brad

[Profe$$or]

Short term the chart does not look good. It needed to stay above $1.31. However it did follow the market yesterday which was blood red. The longer term outlook or macro view on this one is that if they can survive bankruptcy, they will come out of this much much much higher. So if you have the patience, you should be rewarded well however there is risk. If all of your money is in this one stock, not allowing you to play any others at all, that adds another wrinkle.