YES!! Very exciting,, our next resistance level is $39.61.. On another note,, I noticed that the NEXT WAVE spectrum purchase is hitting a slight legal issue that won't mean much for AT&T's purchase but means a lot to the common stock holders of NEXT WAVE (WAVE). The agreement that was made between the 2 companies wasn't fair to the common stock and there was a lawsuit, The common stock owners are ending up with a better deal on an out of court setttlement. That is a huge gesture and win to me. I never have seen those types of lawsuits turn out positive for the common stock owners. So I'm very happy for them. It's going to be a good end to the week.
Yeah, that resistance level will put us in line for a breakout over it to $40. In terms of looking at this as a long-term holding, I would then like to see that $4-5 drop after earnings to even out the slope of the line on the chart to more sustainable 40-45 degree angle. The price drop will also allow for better reinvestment price when the dividend is paid.
I love to see the stock price soar like this, but I don't want it to get too far ahead of itself before the margins are confirmed and we have some guidance on the next earnings call.
Moving for round numbers I should think. Target for the short-term before earnings could be a nice round $40, but then when earnings are announced and they show that margins got squeezed from Apple rollout it could drop to $36-35.
Actually, we would need the drop anyway to keep the long-term chart closer to a 45 degree angle instead of turning up and parabolic.