I think a short term target of 25 is pretty optimistic. I wouldn't complain since I have a substantial NZ position but I am not expecting that kind of upward movement near term. I am in it for the long term anyway so I really don't care what it does in the next month or two. I know enough about the product to know it has a solid future and that is what matters to me. The market will eventually reflect the products intrinsic strengths.
Boy don't I feel pretty stupid - it is almost 25 already. Good thing I held on despite thinking it was overvalued. My only regret is selling a few last month at $16. Because I thought it was overvalued then. Sigh...
I highly doubt that..there will be alot of profit takers at such a high price...every stock has its moment and i think this is NZ's moment ...and it wont last much longer. I shorted when it was 19.14 about a week back and im still happy about that although i do wish i cold have shorted at this price...either way you'll make money
lot's of luck renee. you don't seem too knowledgeable about the space though. They just had a tremendous qtr and there's consolidation occuring in the space. Not a good short play, but it's your money!