Time will tell. I think we are both in agreement that we are going further up in the near future. I also agree that $9.50 area will be resistance, then the high $10 area.
$8.34 is the top of this downward wedge or channel. Until we break that with strength we will not see higher prices. I expect that we will pull back into the $7s, and then break out from there...for those of you who are into lines on charts and other such voodoo.
01:10 PM EST, 01/28/2015 (MT Newswires) -- SuperCom (SPCB) gains Wednesday after Aegis Capital boosts its price target on the identification and security firm to $17 from $16 and maintains a Buy rating on the stock following FY15 guidance issued last week.
Analyst Yi Chen said, "SuperCom recently announced that it expects to have over 40% of total revenue growth in 2015 over that of 2014, and register a non-GAAP EPS of at least $1.20 per share for 2015. We note that the firm has won over $60 million of new contracts in 2014, the majority of which is in the electronic government ID segment. The firm expects to book over $25 million of these contracts in 2015, giving a solid base for the projected revenue. Our current revenue projections stand at $35.5 million and $45.5 million for 2014 and 2015 respectively. Our estimated GAAP earnings per diluted share are $0.97 per share for 2014 and $1.15 per share for 2015."
The Street is looking for FY14 EPS of $1.02 and FY15 at $1.14.
I will try not to get too excited, as we are still in a downward trajectory. But it is good to see that $7 held strong. I can't imagine shorts would keep risking their #$%$ at these levels, but who knows. We need some higher highs and lower lows now.
Don't be so hard on zappa.bull. He is just scared and this is his outlet. When he gains more maturity he will learn to just yell at his wife and kids or kick his dog. Anyway, this is a classic sell off from which the stock may or may not ever recover from. Those looking to invest in high growth have left the stock and will not return until the ER is out of the way and new contracts are announced. If the smart money thinks that the growth has stopped the PPS will nose dive. The question is, is this just an overreaction or has growth stalled? Technically speaking, the stock looks like no one will touch it...
Possibly. The $6 mark is where my wife divorces me. Good news is she can only take half of what's left...and that's not much.
Not sure. I sold several months ago for a loss. Although, the chart caught my eye today. I would hold a little longer as it looks like it could break out IMO.
then we should see the trend change and I will feel confident we have seen the bottom. Currently on the smaller time frames we are seeing a "coiling" in price action, and this could spring any second. The closing price will tell the story as to if the sellers are done. If price does "pop" and holds above $8 with strength, you will see some bullish price action and a return to the mid 9s. If it drops to the downside and we close under yesterdays close then we will probably see $7 in the near future. Point is, IMO today could tell the story. GLTA.
It could easily happen. I have heard traders so many times say "no way that happens" and then watch in horror as "it happens".
Can you imagine if they released news of a large contract? Stock price could nearly double...damn, I wish they would.
The stock just went negative for the day. May have been a smart move to exit after the PR. If we can't hold on a day in which PR gets pushed out, then what chance do we have in between now and the ER?
Taking profits? Unless you bought in early 2014 or before or you caught the falling knife, you probably don't have much in profits to take.