[For the newbies here] Don't listen to the shorts, daytraders or even the pumpers.
I appreciate your comments, and I am neither short or a pumper. Here are is my take. The short term catalyst for this stock has already happened, negative change in institutional sales of -21%, very low insider ownership, under 2%. All of this suggests that until later this year the stock is range bound and may well decline after the big run up that has absorbed many available buyers.An entry in the high $6's to low $7's provides a more virtuous risk/return.
Good comments. Also consider the dilutive impact of the 55MM share secondary this week. If the recent stock run-up significantly depleted the pool of new investors, consider the impact of 55MM new shares. Your $ 6-$7 target could be a bit optimistic.