Wednesday, August 24, 2011

MIPS Technologies(MIPS)

A company I would like to share with everyone is MIPS Technologies. I purchased some of these stock shares at the beginning of August when they were at $7.48 as they seemed a good price. The 52 week range being at( $5.30-$8.20 ) I thought I was getting an okay price. A week later the DJIA dropped 512 points sending MIPS technologies to a downward plunge putting the company at below $4.00 a share. From this I learned exactly how unpredictable the market can be. It is now near the end of August and MIPS is on a slow uphill journey, currently at $5.15.