With the markets well in the green in pre-market, better than expected earnings last week, positive stock conf two nights ago, additional institutions adding to P (Welch) and uplifting price targets I see good days ahead for P. Looking for the 5-6 percent move to push us out of the single digits (past the psychological $10 mark) and work our way back to $15. Originally I was thinking $12-$13 but per the above I now thing $15 is easily in play. P is a SUPER STRONG BUY!!!!
It wont evaporate and it wont be red by the days end. Slow and steady wins the race. Slow and steady is a sign of investors, NOT traders. Sit back, buy something else with some loose funds and let P do its thing.
A few moths back this ran from the mid 7's to 14 ish. I think it is premature to sell anything at this price. Read between the lines. New CEO is in place, timing of better than expected earnings with new CEO was perfectly executed. Things are turning around for P. Profitability is not too far away with arsenal of new products in the pipeline. I dont think they are going to sell the company, I think it is wort WAY MORE than $15, $20, $25. I think with original CEO in place his thougts are to recaputre $45- $50 per share. I am sure there will be rumors as well of a buyout but this time at MUCH higher numbers in my opinion. I am waiting to for AT THE VERY LEAST $30 before I take even a small position off the table.