i think there is more than meets the eyes,the fact that target estimate was lowered to 1 dollar down from 1.75 after they beat the earnings,bothers me big time,why would they lower the estimate and not raising it?it looks like a pump and dump situation,i hope i'm wrong
They lower estimates to buy the stock at a lower price. They will give buy recommendations after the stock as risen when they want to sell. When I see buy recommendations it is time to get out. When I see sell recommendations it is time to buy. IMHO
Go back and look at how often a stock fills a gap after blowout earnings. Very rare. Usually the top of the gap becomes support, which is why it appears 3.00 was bottom support yesterday. I thought it was closer to 3.08 but maybe 3.00 was it. Bottom line, I'd be shocked to see it fill the gap but then again I'm shocked we're not above $4 based on fundamentals.