I be honest with you, this is how I follow MOTR after IPO, watch them go higher for a while, first I really want to buy it at around $20 when Carl Icarhn bought it at $22 with his son recommended, then follow by all insiders sold after their restriction lifted; got in at around $16. Things gone bad ever since after I saw former CEO mr. Ryan on Jim Cramer's "Mad Money" TV that he said he didn't care "about share holders/stock price" check out that video, but now he is gone-that is good new.
We are waiting for a new CEO announcement any day now, you got in at their 52week low at $1.89 with today closed of around $2.30 you already make a small profit, but selling at this price Not a good idea-if you are really scare you can put a Stop Limit at $2.00 so you will be out when it drop to that price that should be enough to cover your fee/little profit-beside if the price keep getting higher let say $3; than change your stop limit to $2.50 and so on. That way you still holding this for a ride up.
That is my opinion (IMO). How low you think this can go any further.
Good luck to us, I have losts on MOTR before, now I bought it back at $2.20 couple day ago, after I sold at "Stop Limit at $14". This time a company to moving to the right direction eith a new CEO I could average my costs with a profit in a near future.
Any comments please welcome .
TomS
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