I'd prefer Dr Baker just run the company wisely, as he has been doing, so the earnings will continue to grow and the pps will take care of itself. $46 was at a million shares a day. What was that other than speculation and a liquidity effect?
The December quarter is the low point in the company's annual season.
Due to the fiscal year placement, there is a long time lag between the mid-January report for December, the lowest revenue quarter and the early-May fiscal year earnings announcement - a period of about 4 1/2 months.
So the "worst" news (which was actually pretty good news this year) is followed by a long dry spell.
On contrast, in 2006 we had a relatively close succession of revenues and earnings growth stories.
FYE 3/31 earnings announcement: May 3, 2006
FYE 3/31 annual report: May 22, 2006
Proxy: June 30, 2006
Quarter ending 6/30 10Q & earnings announcement: July 19, 2006
Quarter ending 9/30 10Q & earnings announcement: Oct 18, 2006
The September quarter growth reported 10/18 pushed the pps through $40 on October 23. Then the price fell back while we waited for more earnings. But the December quarter seasonality hurt. That's my best guess.