$129? That would be idiotic thinking so we wouldn't think that. There is no fundamental, quantitative or technical analysis framework to support your $129 within the next 10 months. Kinda like that S head "Mr Down it goes" $40 no $27 no make that $22. LOL
See the difference between your "I have no F idea what I'm talking about" attempt to dis me and our comprehensive, multi-discipline analytical framework for establishing valuation targets? That's why you unhedged short gumps have been buried since $20 while we have more than doubled since November (before considering premia from OTM call writes and net short puts.
Now? it is more of an investment than an aggressive trade. We already hit our $50 PT for 2013... which is why we raised it to $60 by EOY. Adrenaline again? likely not barring a sale of the company near term... but a nice steady grind (get it?) higher will be just fine for this allocation. We may even write the unhedged short gumps some more puts next week. LOL
If the shares close above $45, Einhorn and or whomever else had the sale algo on trying to shove and hold it down below $45 will be underwater on those shares and will eat S to the extent the shares underlying the ITM call options they wrote/put options they bought get swamped on a close above $45 as the options settle out.
As we have suggested, it will take a couple of days for the dust to settle, but this is a nice little story for 2013 on top of the EOY glory for longs last year.
We'll continue buying all they will sell us at a parade discount today. LOL