3F as I look at this thing it would not be unreasonable to take some profits next week immediately. It is a bit out of the cycle but we are pretty extended I am thinking. I do think that an entry point is in the $2.70s now in February but right now that is a growing position if you take some now and re-invest down there. The stock has performed well in January but the options cycle is different I believe. What ever you do I would build a core position. If you can do so with money made on the house it is really no skin to yah and it is always good to build a really low cost average while protecting your original capital.
I just do not see volume in the week to come and lately volume has been a strong part of the run to $3.21 earlier this week. Many will say volume is 2 million shares but it is really right about 1 million shares and quite low in my opinion with the way money is coming in around the Street.
You know I am probably wrong and I am good with that. It is just my interpretation which is ultimately an opinion. I am still looking for a crystal ball that works 10% of the time. :-)
Hey, I am a long now and will ride it for a buy down there in the $2.70s. $2.20 worked and so did the Jan options. Who knows, maybe I should save the voodoo doll and give up on cheep crystal dream.