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REEDS, Inc. Message Board

  • newmarkwiz newmarkwiz May 7, 2013 8:04 PM Flag

    ok now, cool your heels, fellas, this aint no microsoft or apple here, time for this puppy to go back down to the $3 level

    and rest a bit, should i say

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    • based on what? they just announced another record quarter and consistent revenue growth, they'll end up at $35M - $37M for 2013 at this rate. at a 2X multiple the stock is fairly priced, could get over $6 and stay there and still not be unreasonable. this happens every year, stock makes a run and then retraces back to ~$4 range once people get bored with the lack of any big announcements and they sell off. watch it run to $6.50 and then sell off back to low $5's. not going to test $3 unless they report a bigger loss than last quarter. and lookout if they ever report another net profit. are you really a "new market wiz" or just a goof?

      Sentiment: Buy

5.42Jan 27 4:01 PMEST

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