true to a certain point but given that the stock is trading at close to 7$ and let's see where it goes from here, RBC target is clearly out of step. ESPECIALLY if you believe that their target is a 12 month one (not indicated on the report.)
Barring a catastrophe, do you really think PQUE will be trading at 6$ later on this year? If so, then obviously you should be selling.
to such reasonable questions as what changed when you were bashing the stock around $4.50-5.00 telling us "idiot longs" that we return to 3.50 before returning to the $2 stock PQUE really is. Now the stock is at $7, and you tell us this is headed back to $6 at best.
You guys have had this as short sell since 4 now it is 7, you are either bashers or you have lost your tails on shorts. Which is it? Could one of you(asian/china/short/cash et al)please respond?
Or did more bad news occur in PQUE that I am not aware of, as I felt the CC was positive, the earnings were strong, and the price of their product(s) is 50-100% higher than last year.
My personal opinion is drunken fund managers may take this to 10 before returning to mid 8's. This will take 6 months or so, in my opinion.