There is ongoing patient accumulation, including me...I am 5% of volume under $12.50. Downside is small, buyers are there. Unless market bloodbath, stock not going down much.
Plays out: buyback kicks in, stock goes to $14-15 by earnings. Stock will trade up on earnings from big y/y EPS improvement, 1Q of 20012 has loss in FX that made numbers look so bad, this will look good in Q1 of this year. And then the 2Q guidance will be very good.
So I will sell after that at probably $17. If company say it can plan to do more buybacs then I will may decide not to sell. But if they do good guide and then say but done with buybacks, then I know SK SJ pump stock and each other in boom boom room and I short. But anyone right now sell is dumm. But would be fun ride to $17 and then short back to $12. Depends on buybacks very much. This is thin trader. They buy 30000 shares a day and stock will have 1 direction too go.