Speculative Long Gluu- Glu Mobile Still bullish on this stock and I prefer the slow and steady daily 2-5% increases versus a large daily gain. There's resistance around 4ish but I can't imagine that being much of a road block. This stock, whether it should or not, rises and falls on the successes of its games. Unlike the dismal performance of Katy Perry Pop, Kendall and Kylie became the #1 most downloaded app within less than 24 hours... ...before an official press release was released by Glu Mobile. And as I create this watchlist; it's a top 10 grosser and remains the #1 downloaded app in the Apple app store.
Last Weeks Recap FB- (2%) (+9% since being placed on our watchlist on 2/1/'16) LULU (3%) (flat since being placed on our watchlist on 2/1/'16) GLUU +23%
The Markets have been a bit slow and we aren't in the business of picking a stock just to fill up our watchlist. Making money is our #1 goal, along with that, keeping what we make is also our #1 goal. What goes on while we sit and wait? We pay attention to the markets, learn more about the markets and a lot of re-reading of released articles to reaffirm our approach. Go to our Blog and give them a read.
This watchlist is for information and illustrative purposes only. It is not, and should not be regarded as investment advice or as a recommendation to buy, sell and/or hold any securities mentioned above. All investments carry risk, there are no guarantees. Investors should consult with their advisors with respect to their investments. Author is long $GLUU.