Could this continue to support @ $58 .?????? Comments?
Will fall back below $50 before the year is out.
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It could still make a great swing play though. Watch the charts closely. Morning star pattern developed recently (4/4 - 4/8) and I'm waiting for a strong volume day above the $63 line before I jump aboard.
I would agree also (if the MS pattern mentioned above doesn't trigger). If we exceed 63 on large volume, we could easily see 68-70 by the end of this month. Otherwise, bombs away!
Good company with long term hold.
Way over priced for now.
50% income with less than 20% growth.
30% income with 30% growth.
20% income with flat growth.
And the market gives it this current price? Just because of the word Cloud?
Cloud is just a better way to deliver the software. The Company still needs to make the sale. I just don't see a 30% overall increase in sales for this company in a long time to come.
I see a price between $45 to $50 after the August quarter earning release, which will confirm that sales increase will be tough to come by.
If the stock goes up to about $65, it is time to short.