I think that is a reasonably fair valuation on MNST. I would actually say hold at $17 or $18. Going up against Careerbuilder and Yahoo's Hotjobs makes Monsters fight to bring in the revenue it might otherwise have been able to.
I look for a slight pull back tomorrow and a slow slide into the teens over the next few months. Right now MNST is a solid SELL candidate before too many others do.