Afternoon update

Posted on December 12, 2005 , filed under Stocks | Print This Post

Gold closed down at $528. I had a chance to trade AUY and BGO in today’s morning action, but in both instances the prices changed so rapidly that I was priced out. I may take a smaller position in AUY, than I had planned, incase gold jumps up in tomorrow’s early morning trading. I submitted an order to purchase 4000 shares of LU, Lucent Technologies, Inc., at $2.75 good for today only. MBAY, MediaBay, Inc. has finally released news. The stock has seen some additional volume today and prices are up. If MediaBay can keep releasing positive news I expect the stock to get picked up by day traders and jump up at any minute. ADBL, Audible, Inc. a major competitor to MBAY has risen from high $11’s to currently low $14’s in the past month. I would not advise risk adverse investors to purchase shares in MBAY.

*Disclaimer: I own 8000 shares of LU purchased at an average price of $2.96, I own 2000 shares of MBAY purchased at $1.67.

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1 Comment »

Comment by Terrence

2005-12-12 18:13:36

Hi Andy,

I would like to know more information on MBAY. Technically, the chart looks like it’s going to have a breakout anytime. Same as BCON. I just want to know more facts on MBAY. Thanks.

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