While the guidance is terrific I have to wonder that given the much larger loss than was expected, would the stock have soared as it did if the earnings announcement had not come on the tail of such a good economic report? While there is no doubt in my mind, given some time, we will see the shares trading well beyond the option price of $20 will we see the PPS fall back somewhat once the shorts have covered and the present euphoria exhausted?
I also feel like in the past 24 hours not much changed in the fundamentals of this company. PKT missed estimate a little and stock price dropped a lot for 2012Q1, and beat estimate a little and stock price went up a lot for 2013Q1. Doesn't really make that much sense to me. I feel like it's more about investors' confidence that resulted in the drastic change in price after earnings call. I am also cautious about the next week and beyond... While I feel optimistic for long term, I am not so sure if there is a lot of upside potential for the following couples months before more news comes in.
Take another look @ FCEL and tell me what you think - I've always respected your opinion. Lots of insider buys and some serious volume of late - it's looking good from where I'm sitting. Risky sector but the times they are a changing.
Sorry to tarnish the PKT mb with other stock talk but I see you post here often. I feel blessed to have gotten out this morning with at least a small profit. I hope the pps goes on a tear from here - glta.
Hope things are going well for you, glad you made a profit sorry to see you exit so soon, maybe buy back if the opportunity arises?
Left a message for you on the FCEL board.
Have a nice weekend, Sloop