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American Superconductor Corporation Message Board

  • nowwheretogo22004 nowwheretogo22004 Feb 3, 2007 10:45 AM Flag

    Rebound

    The stock rebounded nicely on Friday and should continue to do so. If you are looking to get in on Monday morning, be patient. I expect the weekend investors who don't understand the underlying new strength of AMSC to sell off of the quarterly result headlines. It will likely go back down to something like 10.08, before it rises back again.

    The only thing that would stop that is an analyst upgrade, which may be coming soon. The market is looking good and we could move up to the 10.50 range, but we really just need one more big sale, to start making some real money.

    This could be a nice ride. There are still a lot of shorts on this, who need to pick a time to cover.

 
AMSC
5.03-0.09(-1.76%)Jul 6 4:00 PMEDT