This stock will be 350? What are you here for 1 or two points profits? This stock had its haydays and it will never go back to peak, finished. You can bet CMGI to hit all time high, but not this ping pong foreign stock.
If you think this guy is going 350 buy on the dip, not short on the rally.
Yes lets be realistic. This stock sold off from 279 to 201 in 5 trading days 2 weeks ago for no real reason. The stock has simply come back to where it was a couple weeks ago. Some Hedge Fund loaded up on puts ahead of options expiration and they came in and tanked the stock so they could make their quarter. No doubt they bought calls and have made huge money on them as well. If you don't realize what games are being played you will miss the big money.