With earnings coming up def. a play that I do not want to be in, I see this going lower going into earnings, the shorts have control, the next thing that would move the stock would be earnings which isn't until a couple weeks away. I see us at 23 range, about 2 bucks less than where we are now. Earnings will dictate where it will go from there
I believe the opposite will happen. I expect a beat on earnings and, more importantly, upward guidance for fourth quarter. That liklihood would create problems for the shorts and the squeeze will start. I think we will see heavy buying into the earnings because whether they beat or just make earnings, the upward revision would be disastrous for the shorts. I say about 26.50 to 27 by day before earnings. If we get to 28 or 29 after earnings, I think we see 32 on the squeeze alone. Besides, 32 equates to just 10 or 11 times earnings for next year anyway, a very low valuation.