I think it is absolutly possible to get to 23.5 which is last resistance, and if it breaks that then to the moon. Downside a little under 17 where the 100 day moving average and the trendline from the previous lows reside. We have been consolidating all week on low volume which is boring for us longs, but we have also be accruing short interest, which will definatly help in the future, if not today.
My guess is high 20's in the near future(1 wk max) with all short interest. I have a holding of 19.5 and added few more in recent drop but next earnings should be GREAT!!
Like many have said, look at NVEC, I had that at 29 and held as it dipped to 25 or so then BAM! 40+
What do you think about MAGS in next 2 wks?
it only comes out once a month so NASDAQ.com is just as good a place as any. My brokerage account also tells me when a security is hard to borrow, so when I see that light on I know its heavy shorted, and right now its way short because it just came on a few days ago and the chart action has done nothing but gather shorts for the last few days.
i agree that it may look like it is rolling over ,but it is on light volume and is still above the last breakout.one bit of good news will send this soaring .lets just hope there is good news to report.the fact they are paying bonuses can't be bad.the 5% stock dividend is not bad either.this may be the lull before the storm.in the next month or so we have an annual meeting,olympics,earnings report,stock dividend,election coventions and who knows what else.the earnings are key and if they are not getting any big contracts that won't help either.i just wish the company was a little more investor friendly.