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VeriFone Systems, Inc. Message Board

  • sebast_texas sebast_texas Jul 10, 2013 4:15 PM Flag

    PAY positioning for an Upgrade in the next days

    Classic behaviour on a turnaround. Trades flat, abrupt up movement yesterday to wipe out stop limits and today continued the trend up. Institutions know an upgrade is due and they should bring it up to $20 in a matter of days.
    Stay tuned.

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    • I agree with your general comment. It has partly to do with few players who had shorted the stock, lack of any more bad news, some funds finding value in this stock and some bargain hunting individuals who are looking for good return.

      When this stock was in $16s I had indicated that it will pop up and indicated that it is a strong buy.

      The great news is that it is popping up without any positive or padding news (be it by analysts or company).

      I don't know if it will bring $20 in matter of days or not (nothing is impossible though). But I would expect to be above $18.50+ before the end of this week. If it sticks to that level, $20, $22 and $24 would be next. But beyond $24, there has to be really great news of good earnings, new CEO, buyout etc.

      My money is all tied up in other stocks and as a result, I have no position to this stock.

      Sentiment: Strong Buy

37.22+0.08(+0.22%)Dec 19 4:09 PMEST

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