Is MAMA Run-Up Irrational?
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Mamma.com Inc (Nasdaq: MAMA) could be a fun 'short' play. The stock is currently 35% higher to $6.24 on rumors the company could announce a large deal or could be the target of a takeover. Both rumors appear weak.
This stock has been prone to irrational run-ups in the past. The company is a follower not a leader in its space and will more than likely get merged into another company (probably as a last resort at rock-bottom prices) or will get wiped out. This is just our opinion. As with any play (especially short) be cautious.
This stock has been prone to irrational run-ups in the past. The company is a follower not a leader in its space and will more than likely get merged into another company (probably as a last resort at rock-bottom prices) or will get wiped out. This is just our opinion. As with any play (especially short) be cautious.
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