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Author Topic: COOL - breaking out on beating earnings. Rare for a penny stock

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COOL gapped up this morning after beating earnings guidance by a lot. The company makes facebook apps/games so it's in a hot industry with stocks like MCZ, STVI, and GLUU which have done well recently due to the hype involved with facebook. This stock should run tomorrow despite being up today. Momentum buying says buy high and sell higher, verse the old belief you have to buy low and sell high. A lot fo stocks stay over bought for multiple days or even a week and considering it consolidated today I think this should be no different. I expect 2.60 as it had buying into the close and after hours and it manage to hold it gains all day. From my experience this pattern usually has follow through for multiple days or weeks when a penny stock is actually profitable and in this case this companies net profit jumped from $2 mil to 8 mil which is impressive. I got some at the close and I will add tomorrow pre market or at the open with a market because I think this spikes. At worst i will stop out at 2.10 2.15 with a tiny loss so risk/reward is good.
Posts: 35 | From: Florida | Registered: Jan 2011  |  IP: Logged | Report this post to a Moderator
The Bigfoot

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Q1 numbers, upgraded guidance, Feb Sales in, Zacks upgrades COOL

Q1 results announced, Majesco raises FY 2011 guidance

For the first quarter ended January 31, 2011, Majesco's net revenues were $48.5 million versus $29.2 million in the same period a year ago. During this same period, the Company reported operating income of $8.0 million, compared to operating income of $2.5 million in the first quarter of 2010
The Company's basic and diluted net income per share for the quarter ended January 31, 2011 was $0.18, compared to basic and diluted net income per share of $0.10 in the same period last year.
The Company expects fiscal 2011 full year net revenue in a range of $100 to $110 million, up from the prior range of $85 to $90 million, and non-GAAP EPS of $0.20 to $0.25, up from $0.06 to $0.10 rst-quarter-fiscal-2011-financial-results-117603948.html

NPD group reports that ZUMBA FITNESS was the 6th best selling game for the month of February.

ZACKS Investment Research upgrades Majesco from 'neutral' to 'outperform' aded-by-zacks-investment-research-to-outperform/

19,309,042 shares were traded the week ended 3/11/11 in a 1.59-2.84 range with a 2.66 close.

39,557,000 shares outstanding

No longer eligible for government service due to lack of tax issues.

Posts: 5178 | From: Up North | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator

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