This time it looks like we've set up for a huge run up. The technicals just recently turned positive with lots of room left to run. The strong financials still support a lot of upside fundamentally from the current price. We had a killer earnings quarter with a very sweet headline to grab some attention (although it would have been nice to have revenue numbers and more details). Oh, and we're the #3 top gainer for the day on NASDAQ. All we need now is a small group of traders to pick this one up so we close near the high of the day. Closing at an all-time high would be even better. If we can pull that off today, I wouldn't be surprised to see a 50% plus gain tomorrow and it may even hold gains into the weekend. Of course the other option from here is that volume peters out, we settle in between $10 and $11 and have a nice gradually ride up to $15-$20 as more long term investors realize the gem we have here. Either way, looks like we'll establish a higher trading range. Now, lets bring in that volume.....
As we speak right now the stock as already given back over $1 pewr share.. The Question is always how long do you ride try to ride the horse as the price declines.
That was my mistake last time.. SHAME ON ME.
The problem become you cannot guarantee the stock will not go down even with good earning..
It is not a one for one correlation..
Remember we have already had this experience last quarter.
Here is how you do it:
Average cost 9.60
sell at firstname.lastname@example.org, 200@ 9.25, email@example.com...
two days later spikes to 13.52 (for a few minutes)then drops back to 12's...
If you did not sell prior earning you lost as stock went down on earnings release and we were locked in for x-months. This time Prior to earnings release stock hovering at low nines a repeat of last quarter experience takes you to the eights.or sevens.
THE QUESTION BECOMES HOW BAD DID YOU WANT TO BE BEAT UP AGAIN.. ERGO Time to bail.....Steve