Who in their right mind would ever buy a stock with a PE of 25 or over? At 60 you'd have to be nuts.This stocks retrenching back down into the $4-$5 range would be more than justified.
P/E 60 is if you calculate with 0.17 EPS. Yahoo hasn't updated the EPS numbers yet.EPS is 0.34 in 3 quarters and could be 0.51 or more for the year. that would give a P/E less than 20.This stock will hit $15 soon. Low float, profitable comany, high margin and they seem to be in right track