Hey there! I am not surprised with the latest developments here. I cannot predict a euphoric spike to 17, over a two week period, but do have a decent overall thought process. Most folks here want it all at once, does not work that way with a quality company. This stock went from 5 to 17 in two months? On what basis should it go to 20+, as some misinformed posters seem to think. IMO, management guided Weisel down a bit to be safe. Furthermore, I am not so sure this quarter is running quite as smooth as last. I sort of think all is well, but not well enough to support an overinflated stock price. Someone mentioned that I would like the stock to trade forever at 12. What a foolish comment!!! I have always and will continue using good common sense and a realistic approach. IMO, DPAC will trade in the 20's...next year. Just think, over a 100% profit within a year...Not enough for some evidentally!
That was my take on Weisel as well and gathered that from your post. It is funny (unusual) the way the NASDAQ is playing out at this time. If it weren't for the election year I think momentum may have carried DPAC to 20 (last year it certainly would have).
I am curious to know why you think things are not running so smoothly, material shortages perhaps?
on the same page when it comes to dpac. I have been in dpac since 1996 and have made an absolute killing. I have always kept my core holdings and had a nice chunk of trading stock. Like you I kept advising caution and thought that a trading range of 11-13 was healthy. I also think we will see the mid twenties in the next 6-9 months. I think this flushing out of short term traders will make the stock trade more evenly. I hear you are a Jersey native I am originally from Pittsburgh. I think we should chat about some other stocks we might be able to share some insight on. I also think Weisel has done an admirable job. I have to laugh at some of these "stock experts" that buy a stock after a 140% run up. Then it corrects and all of a sudden their are conspiracy theories nad calls for an investigation. A stock trading at 7 with a price target of 16 is a strong buy. A stock trading at 16 with an 18 dollar target is a buy if that. Pure and simple. Anyone looking to get rich quick is on the wrong board. 100% a year works for me.