Today, The Bowser Report issued a daily mover alert on MeetMe (MEET) and Repro-Med Systems (REPR), both of which were up more than 10% for the day.
MEET recovered nicely today after falling more than 20% yesterday. As we said in yesterday’s alert, which the Benzinga and Zacks articles reiterated, MEET’s sell of yesterday was not fundamentally-based. Therefore, it was “overdone,” to use Benzinga’s term, and today’s movement verifies that.
With the stock now above $3 again, those following the Game Plan should not enter new positions. Those who currently have holdings, continue to stick to the Plan.
MEET has a Bowser Rating of 10.
As we have noted in the past, REPR is subject to volatility. Today’s move comes on no news and light volume, which indicates volatility.
REPR, with a Bowser Rating of 10, is a stock to consider if you don’t already have a position. Try to purchase at the lower end of its volatile moves, and then follow the Game Plan.
Keep in mind that the stock’s 52-week range is $0.56 so there might be some strong resistance in the near term that will keep you away from a quick double. However, this is a good long-term growth option with revenues consistently rising and stable earnings.
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