*** Alert – AMCG Hot Bounce Play ***
today. It actually opened very low at 1.55 so if you were just day
trading it you could have made about 13% if you bought at the open and
sold when it was around 1.75. It actually stayed at the 1.70 mark for
most of the day. I received some emails from some of you saying you
actually did cash in some quick day trading profits on MNLU so I was
happy to hear that. In the end though, MNLU closed down a little over
2%. However, the close was still higher than the open, so if you bought at the opening price you’re actually up right now.
to you pre-market today, I think the long term future for MNLU looks
quite good.
Not the grand slam I want to hit, however most large cap players are
happy cashing in a 20% gain in 1 year. 20% in two days is nothing to
sneeze at. Unless you have allergies : o
to your attention because we are setup once again very nicely to catch
some really solid profits on AMCG. Amico Games has been on a tear,
making a huge surge for four days in a row. After those four days, it
has come down a little bit to PERFECTLY bounce off of the 20 day moving
average.
to bring it back to your attention and today is the right time. Why is
today the right time? Because not only is the trading setup very
powerful for an absolutely HUGE day tomorrow, but I’m not the only one who noticed it…
one, but several of the biggest newsletters, chat groups, message
boards, etc ALL talking about how big of a day AMCG is going to have
tomorrow. The buzz alone should be enough to cause a buying frenzy and
drive share prices up. However, that combined with the strong
technical setup of bouncing off the 20 day moving average and the
volume we’ve been seeing lately seem to make AMCG look like a sure
thing for tomorrow. Now, I NEVER say anything is a sure thing,
so as always use caution because there is no such thing as a "sure
thing" in the trading game. However, be sure to remember the last time AMCG traded at these price levels with this much volume, it hit 80 cents with relative ease.
good company. Haha I’m just joking about the yawn. The truth is I’m
much more excited about the trading opportunity than about the company
itself, but the facts surrounding the company are quite good. Here are
a few of them:
- Amico Games operates in
the lucrative Chinese Telecommunications Sector….which has one of the fastest growing telecom sectors in the world.
- AMCG has about 15 million
registered users for just one of its products. That’s an incredibly
large
database of users in a BOOMING
market…and it’s only getting bigger! I’ve been a computer nerd myself
(I’m cool now, I swear!) and I know how addicting these games are, as
well as how fast they catch on and how profitable they are for the
owners. Ever hear of…Call of Duty 4? Halo? Um…World of Warcraft?
Come on…people
have literally freakin’ DIED playing these games because they won’t
pull away from them for one minute to go to the bathroom. That’s no joke!
- Just check out their latest announcement
that reports net income increasing by 187.17%!
- During the three months ended October 31,
2009, the WAP game "Miracle Journey to the West" increased by 1,689,722 new users,
bringing its total users to 14,846,490. This is a potential growth rate
of almost 7,000,000 new users over the span of one year if the growth
trend continues and consequently a significant increase in revenue.
- Galaxy Software Limited delivers its
mobile phone games across JAVA and WAP platforms over 3G and 2.5G mobile
telecommunication network in China. As of October 31 2009, Galaxy’s WAP game
"Miracle Journey to the West" has accumulated around 15,000,000 registered
users, taking up 11.1% share of multiplayer WAP game market, which is
the market leader of the WAP game in terms of registered
users.
there. So I think those facts that I listed above show that besides
the very nice trading setup, there are some meat on the bones. I like
AMCG a lot which is why I profiled them in the first place, but I’m
bringing them to your attention now because for you active traders, we
have potential to see a huge move tomorrow, or over the next few days.
The 52 week high is 80 cents, if, IF, we can break that…then we could
really make huge profits. I think AMCG is definitely the main company
everyone should be watching for tomorrow’s action.
I’ve been sending out mostly winners lately, let’s hope this is another one…
The Trader
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