I think we get to 1.67 TOPS and end the day @ 1.42. Then slowly sell off from there back to 1.15-1.20.
Markets treading water right now with sequester looming and it's risk off time. I think traders will sell and others will wait for better entry points. Of course I hope I'm 100% wrong and this baby EXPLODES over 2.00 and never looks back!
OK, well you did very well Yokota with your $1.75 after hours, but I hope your $1.42 is too low. As for
Sequester, this could end up being a three month chess match. But I don't think the markets are surprised by the move, in fact I think they knew this would be how it played out. It's not a surprise, it's
a knee jerk reaction to an expectation already factored into the markets. This of course will provide more volatility in the markets. If there is going to be volatility in Joes price action, I'd like to the the bottom of the floor at $1.50 and sky's the limit on the top end :)
First of all, after that quarter, no one should sell in the $1.50's. I mean, did you really risk holding onto shares through earnings to gain 8% from today's close? They absolutely kicked #$%$ this quarter, and the brand is taking off. I'll say $1.68 high, $1.62 close....but we'll challenge $2 in the following weeks, as we shake out the day traders and replace them with investors.