I did landed up buying some at 2.10. should have waited by one more day.
but the way this runs , I didn't want to take chance. Probably that is why it got into overbought category.
I am giving both sides of possibility.
For my own call, two days back I decided and shifted my entire IRA to this one stock.
And you can wait till 1.25, I will also join you in buying if it goes there.
Please - stop pumping - this stock will languish in its trading range high 2.60 low 1.25 until real numbers hit the bottom line. 1st qrt is already going to be bad. 60 - 90 days in the trading range IMO
this may be good entry price, depending on your appetite, though there is possibility of some head wind in next 3-4 months
Also you maynot be able to catch it again at this price by just one news that hits the wire.
news of Intel as a customer & their Commsuite Avatar messaging platform to debut in Q2 aka a few weeks away, given WhatsApp being worth $19 billion and other smartphone app platform stocks like MOBI and GOMO surging this could be the next multi-day runner. The key is buy low sell high...
Yes I can feel it.
A relatively small position since 2003 has gone from 50 cents to highs and toured all the price ranges since....