MKHD Update

Posted by Admin on June 23, 2010 under Penny Stock Alerts Blog | Read the First Comment

Hello all. My email today is a bit tardy, I had to leave write after the market close so I didn’t have time to write my usual after-market email. Didn’t want everyone to think I ran and hid because MKHD didn’t do too great today.

MKHD didn’t keep up the momentum today. There were a few great day trading opportunities when MKHD dipped down to 39 and then bounced right back to 44, then slipped to 39.5 and quickly bounced back to 44 cents again. As usual buying the dip paid off once again and got day traders a quick 12 or 13% gain once or twice.

Overall though MKHD had a poor day. It was in the red the entire day. It was down a little bit and then at the end of the day the entire market dropped and took MKHD along with it, so instead of just closing down a few percent, MKHD closed down a pretty bad 10.4%. EDU and RST, MKHD’s large cap competitors both closed down today as well. The market had a bad day and language education companies didn’t do great today.

I don’t think this is necessarily such a bad thing. I actually saw a large newsletter issue MKHD as an alert tonight so hopefully that will kick start the momentum again. MKHD hasn’t been trading for too long so more and more newsletters and investors are finding out about them, hopefully we’ll get some good momentum from that.

MKHD also came out with some news during trading:

http://finance.yahoo.com/news/Chinese-Professors-Complete-pz-3562715388.html?x=0&.v=1

It’s positive news so let’s hope for more movement in the right direction.

Also, HELI predictably closed down today, although not nearly as down as I expected. The promoters behind HELI are trying hard to give it another day of momentum, which we may see…but I doubt it. Either way, just watch the flames when HELI falls hard soon enough. It’s very difficult to short small companies unless you have a very good brokerage account, and even then it’s hard because they’ll usually give you a message saying that there are no shares to borrow and it is “unshortable” or something. If you ARE able to short HELI, that’d definitely be something to consider doing. Don’t jump on the sinking ship, don’t be a penny stock chaser!

Anyway guys, keep your eyes open. I’ve got my sensors focused on two companies that are ready to take off. I’m going to see how things go tomorrow and if either one of them gets a good setup going, I’m going to send out another alert tomorrow night. Keep your eyes open just in case.

Talk to you soon,

PSA – Penny Psycho

www.pennystockalerts.com

Never invest purely based on what I say, do your own research and consult with a licensed professional before investing, only invest what you can afford to lose, etc.

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