It is dangerous to think history will repeat itself in a simple form without concrete facts to support your thoughts. Have you thought about what if? What if it keeps dropping from here? What if the market gets another correction due to the dash of high expectation that Fed will cut again in Oct? What if the earning guidance is disappointing? What if the earning shows major slow down in organic growth? What if the Q4 estimate much lower than the expectation?
The analyst made a very good point yesterday. All he did was pointing out the organic growth is slowing and not enough acquisitions and traditionally Q4 is the worse quater for consulting firms.
The analyst you like to quote here is saying that he likes $22 for this stock. Why then are you putting your sentiment as strong sell when the stock is well under that number. Well, I will answer for you - you are a parasite short that shows up on any board when a stock moves lower for whatever reason.
I think you should be Long. But to answer your questions, I've already made a lot of money being a PRFT shareholder by taking profits over time. What I still have on the table is a little of what I don't need, so even if your scenario is correct, I'll either just move on or wait it out as a long term investor.