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David Stafford
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Student of markets, enjoys following their course.
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  • Reflections On Whack A Mole.

    Well, the markets are down this morning, and as usual MPW has done its dance, and is moving with the markets, "Now to the left!". Seeing as how most mid day movements, especially if unusually positive, are usually dragged back down by the end of the day, I wonder if one could assume a sort of "whack-a-mole" approach to trading this market.

    If one found stocks which behaved similarly to MPW, and tracked them throughout the course of the day, one could presumably perhaps profit; by selling them at their potential mid-day/anomalous highs and then riding them down to their presumably lower end of day price. This might work. It might not be so profitable, and could be kind of nerve wracking, because it could include large shorts that would have to be held, for several hours. However, apart from that it could seem like a pretty easy, way to make a quick buck. It wouldn't take many "indicators" or what not to implement either, the only justifications would have to be

    1. Is the market down in general

    2. Is this equity moving up in price, especially after a lower than previous close open.

    3. If yes, buy after drop, sell at around noonish, and short back to close.

    Seems pretty easy, and having seen this pattern with the likes of MPW, on a regular basis, I wonder if it would work with other stocks. Either way, its an interesting market these days, a little lackluster, but comfortably semi-predictable, and I hope everybody's having a fun time investing and trading.

    Tags: MPW
    May 02 10:49 AM | Link | Comment!
  • New Coverage For MPW

    MPW is now being covered by another analyst, this time this analyst is from ye olde SunTrust bank. They labeled it a buy, which is pretty much the consensus these days. Most throw their lots behind either a buy or hold on MPW. Marketwatch has a great kind of little way of looking at the sum of these calls, and their distribution etc. This website probably has one thats fantastic aswell.

    In the meantime, it may be wise to see if MPW will pull back in the event of the markets being driven lower in the future based on some new hurley burley out of Europe, as has been the case recently. Either way, MPW is going up today, great news for anyone that holds it.

    Tags: MPW, MPW, Suntrust
    May 01 12:02 PM | Link | Comment!
  • When In Rome(MPW)

    As usual, MPW is following the markets, like a cat chasing a laser-pointer. Transfixed as it were, reminiscent of a video game with high speed racing where the racers fly right behind each other at amazing speeds, and with a sense of alacrity rarely seen.

    MPW has had interesting maneuvers in the last lap of these races on previous days. MPW tends to kind of find its high, speed up a little bit, and then settle into its natural position for the daily close.

    Today if that past activity may serve as any sort of omen for future events, the close may be right around 8.88. However, today there was a lot of activity into higher than 8.88 price movements, so as usual, there is a possibility that things could go either way. Just to kind of show the imagery behind these guesses, and the normal three peak reasoning behind it, here's a graphic to illustrate where those three peaks may lie. Like last time this image is from yahoo's financial element.(Just for clarification it may seem a little fuzzy here, but the blue line at the top corresponds to a price point of around 8.88)

    Tags: MPW, Technical Analysis
    Apr 24 1:01 PM | Link | Comment!
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