Heck yeah, but there is suppoesd to be hope in STRA! STRA is basically if I'm not mistaken, a bigger version of LOPE, and was suppoesd to have real good loan repayment numbers like LOPE.
Yesterday I had my finger on the sell button, I saw that line develop at 155, I said that's my line too, at the end of the day it was right on that line, I didn't want to share my thoughts because I didn't want to be telling anyone they should hold, and I was thinking this morning, what, 140, 130, or something.
I'm on here so long as it continues to close above Monday's close. I'm not taking under 280 unless it should go under 155, so there's how you shake me out.
The shorts have been waiting for their vindication and they were vindicated, they been saying the 150s and I never believed it.
Imagine yourself holding this high-quality hyper-growth stock at the end of 2011. If the price hasn't budged by then, LOPE will have a trailing PE of 14 or so, and a forward PE (for 2012) of perhaps 7 or 8. And it will still be growing at well over 50% annually on the bottom line (if not its current torrid 126% year over year). And it will continue to dominate its niche market--evangelical Christians, and especially Christian teachers, who tend to finish their degrees and do not default on their student debt. Most education schools offer such dismal, intelligence-insulting classes that LOPE has a stellar opportunity. LOPE and its higher-quality brethren, APEI, STRA, and CLPA, will probably be untouched by any regulatory or legislative change. I myself plan to hold this stock for years to come, and I put some shares into the accounts I manage for my toddlers.