thoughts on that? i've heard some analysts recently say in 2 or 3 years this could get back to 20-25 dollars per share. is this realistic? seems doubtful to me.
If this stock is in a long term upward trend, then it will be down on Friday - as short term traders cover their positions for the weekend. It should go down to $3.18. If the stock goes up tomorrow, this indicates the short term traders are bearish on this stock and are covering their shorts by buying back the stock they borrowed.
If the stock is in a strong uptrend, then it will bounce up from $3.18, and may be heading above $20 long term. If the stock is weak, it may continue to head down to $2.58, before it heads up. Volume is critical. You need heavy volume at $3.18 for a strong rally. I am short on this stock currently, and may cover my short by buying back my borrowed stock if I see heavy volume at $3.18. Short sellers can be your friend when they begin covering their short positions, sending the stock north very quickly.
This is a $6-7 stock today, $12 next year.
Anymore than that is up to Dan Hesse.
The reason we're buying it is because it's severely undervalued (current prices vis a vis most price targets, for instance).
Just be aware that we are operating in extreme market.
The recent general market rally really has gone to excess, all on momentum.
That is how S has traded recently, down more than any possible justification on momentum.
Valuation is completely disregarded in the current market.
After a good initial position, average in your position.
That way you stand to capture any gain from a possible M&A while building for the eventual position.
Regardless of what happens, you can be sure that the stock is very cheap.
It doesn't mean that it won't go down with the market, but take that as buying opportunity.
It's not realistic to expect any stock you buy to take off right after you have bought.
S is trading within the recent range, $3-4.
Some people trade a part of their position to help them generate cashflow while holding the stock.
Buy additional shares when you think they're hitting a low, sell those shares when the price recovers, keep your core position.