Today, The Bowser Report issued a daily mover alert on
Direct Insite (DIRI), which gained more than 10%, as well as MeetMe (MEET) and
LightPath Technologies (LPTH), both of which fell more than 10% for the day.
More volatility for DIRI. This company, as we have said
before, bounces between $0.55 and $0.65. Despite its Bowser Rating of 8
consider this stock speculative because of its low volume and volatility.
If you want to enter a position, try to do so at the bottom
of its current range ($0.55) and follow the Game Plan from there. If you
already have a position, follow the Game Plan for when to sell.
An article theorizes why MEET dropped so much today,
providing two main reasons: (1) A sale of 210,000 shares by Director John
Abbott and (2) hedge funds’ distaste for the stock. Whatever the reason, the
stock sold off big without news today.
With MEET’s price now down under $3, this offers up a buying
opportunity for subscribers who missed MEET’s previous run. For those who held
MEET through its previous run, if it doubled you should stick to the Game Plan
and sell your remaining shares, as it is down more than 25% from its most
recent high.
LPTH, like MEET, is another Bowser stock that has performed
well recently and sold off today on big volume. For both companies, this could
be investors selling off smaller companies to “reduce their risk” while so much
uncertainty looms over the market.
Like MEET, LPTH’s drop to under $3 offers a buying
opportunity. LPTH did drop to 25% off its most recent high, although it closed
above that price. A 25% drop is $2.84. For those with shares, stick to the Game
Plan if your shares doubled.
To learn more about The Bowser Report, visit https://thebowserreport.com
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