were we just ahead of ourselves??? or is something amiss?
I think the former...remember post hoped we would hit $15 by May and here we are, $15 in March...Don't get me wrong, the drop blows, but I haven't sold a share
Yes, hubby, I think its a fair statement that "the stock got ahead of itself", not on a fundamental basis but in technical terms (the tower had no base--was wobbly), so as Mike points out this is the much needed consolidation. I suspect that tomorrow we will fill the gap down to $14.75 before we stabilize. Presuming we hear what is largely expected to be good news Thursday am, we should see a resounding move back to the upside, at least that is what I am hoping for. The sentiment in the market now is threatening to holders of biotech shares, that is the biggest headwind we face in the near term. Our robust earnings picture as it comes into focus, will carry us along in the forward trajectory that Post has charted. Investors and the Company need to digest the dynamic growth that TW has thrust upon us, which is going to be fun as we head into earnings announcements for Q1, 2, and 3.