Monday Watch List Monda
Posted on | September 8, 2008 | No Comments
Like some of my recent picks MONA is very low priced which makes it highly volatile and risky but the returns could be huge for the savvy trader.
HKBV, my alert from last week did a maximum of 263% in just 2 days!
MONA has already started to move up and I believe it has the potential to go higher. Once these low price companies like MONA gain momentum it could last for weeks.
MONA is coming off extreme lows due to huge announcement from the company about a 50 Million share buy back. The company plans to conduct a share buyback of no less than 50 million shares either on the open market or directly from the stakeholders, and retire them back to the treasury.
This will be huge for share holders and if they buy the shares in the open market, this could also spike prices. Add MONA to your watch list.
I will send more information on MONA tonight.
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