Linda,
I wouldn't expect my future predictions will be like today's. The
stock is very unpredictable. The reason that I could guess within
the range is because I have followed this stock for a while.
This stock has been run up for a while, however, it seems still to
have rooms to advance. The key point will be in part on Q2 results.
Personally, I believe it will be a lot better than street's estimates.
From the fundamental point of view, it is still undervalued. If using
sales-to-price ratio, the stock should be at least $35-$40 when
compared to the same group's companies. If using PE ratio, the stock
should be around $40 - $50 if Q2 is around $0.33. I predict a lot
more than $0.33 for Q2. Maybe I am too optimistic on Q2, but am still
confident on my prediction.
Therefore, for the long run, it's a safe bet; while it is about 20%
up and 15% down for the short term, ranging from $35 - $24.
Just my humble opinion.
Phil |
