Today, The Bowser Report issued a daily mover alert on MeetMe (MEET), which gained more than 10% for the day.
MEET’s run today on heavy volume is easy to peg: the company increased fiscal 2015 guidance. Revenue is expected to be $56.5 million (originally $53.5-54 million), and EBITDA is expected to be $19.5 million (originally $16.5-17.5 million). Fiscal 2015 results should be released in early March according to today’s press release.
MEET has been on a tear recently, setting a new 52-week high today of $3.99. Additionally, MEET shares are up over 39% in the last month and have more than doubled over the past three months.
At above $3 per share, it’s too late to purchase MEET in accordance with the Game Plan. However, for those with holdings, hopefully a double comes soon and you can execute the first rule of the Selling Plan: “Sell half your holdings at double your purchase price.” Then, you’ll want to wait to sell the remainder until it drops 25% from its most recent high.
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