Simple answer for Beavis' side kick!
First off, because the shares are under "obvious accumulation" by the heavy hitters. Secondly, the shape of the 8 week base is trending upward. Albeit at an unspectacular pace, more than a satisfactory advantage now gained by the buyers nearer 3.40 (+ or - a few cents) particularly from a prime positioning standpoint looking forward. Third, beyond gains for holders in the near term (best guess mid 4s by early 3Q June/July) the mid term, catalyst driven outlook is really outstanding (best guess = a double in 18 mos.)
Most importantly, the low risk profile of the ATRS business model @ discounted valuation vs the potential mid term gains (18 mos.) elevates the stock into a category where managed money will gladly "rip the lungs out of retail" in order to accumulate the shares that they're after. Put another way, low risk 20-25% annual growers "that won't cave in OR are thoroughly insulated from economic jitters that may trigger a predictably overdue market correction is,,,,,,,,,,,,,,,,,worth their weight in gold. Based on the mid term growth projections for Antares, that makes this tickers shares worth their weight in diamonds I suppose.
Somewhat boring, yes, but the length/duration of the basing pattern adds legitimacy to a pending next leg up for the "long term trend uptrend now 4 years old and counting" as well as the time needed by managed money to accumulate large quantities of stock without spiking the PPS back above major technical buy triggers ie;200dma.
The above is only a broad brush rundown, but I'm sure you can grasp the gist of it!
those are almost exactly my words from last week when I had to explain my gf why I have ~100K invested in ATRS:)))...I don't think she sleeps any better ofter my lecture but I tried...
Refreshing, insightful post.
I do not pay much attention to price forecasts, so I pretty much skimmed over that, but I appreciate the view of current trading.
I might add that in my opinion management is in favor of the transfer of shares from individual to institutional hands and that it acts accordingly within the rules. Remaining individual stockholders will likely benefit from this...
No doubt this is going on - transfer from retail investors to institutional investors...and thats what management prefers, I think you're 100% right on. Longs who jumped off the train are gonna miss this epic run up... hopefully it can reach 4.50 by october
Good post Koufax.Very refreshing compared to the recent paid bashers and Whiners that have been posting.I Know i am small fries thow i have been accumilating myself. All the best Koufax.
Sentiment: Strong Buy
Koufax - that post was like you were seeing the battery a second time around and you only threw 1 of your four pitches first time around. Can't wait to hear future posts. On way to a perfect game !!!!
Sentiment: Strong Buy