Doubling Stocks Newsletter

Learn How To Play Winning Penny Stocks

DoublingStock: Update On MONA

Posted on | November 23, 2008 | No Comments

The markets have come down to unimaginable levels reminiscent of the dot com bust. Many large cap companies are on the verge of collapsing including the big 3 automaker. What lies ahead is still unknown but the small cap sector still remains as a beacon of light for small cap investors looking for quick gains.

I wanted to do a quick update on MONA since it has slipped along with the market. First take a look at this chart: bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=mona&sid=0&o_symb=mona&freq=1&time=7

MONA is a very risky stock, but the same can be said about any other company in this market environment. MONA has come down to August lows before that huge run they experienced in Sept that resulted in gains of 3,000%!!!

I honestly don’t know if MONA will ever make a run like that again but at it’s current level it’s definitely attractive enough to put back on the watch list. Please keep in mind that MONA is a high risk stock and should only be traded by savvy individuals with risk capital.

If high risk is not your forte, then I will have some more conservative alerts later this week.

MONA quote: www.chartmoney.com/stockquotes.php/?ticker=mona

 Mail this post

Category: Uncategorized

Comments

Leave a Reply