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.
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.
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