Monday, May 3, 2010
BUGS - A Healthy Pullback
I really like the story behind BUGS. At one point this year I was ready to make it my stock pick, but somehow it managed to rally before I could announce it to my members. I like my members getting into a rally at the bottom, and BUGS offered a great ROI from its lower price range.
Today it sold off to the tune of 35% with equally impressive volume as Friday. I think today was a healthy session after two robust moves higher for BUGS, it was only natural to have profit takers weigh on the price per share. I believe BUGS will open higher and take another shot at $.01 and above. It will be interesting to watch tomorrow. With all the liquidity in this stock it make for a great day trade. The chance for further gains in great.
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