Over the last 6 months, 26-27 and 19 3/4-21 were sustained trading points. Also, 34-35 and around 30. After the IPO, when the stock ran up to 19 1/2 first day, it then settled down to 14-16 range for a couple of months, as I recall. So I see 2 areas where it could settle in now that it's broken the 26-27 plateau. However, this is all speculative and it could very well stay in the mid-20s for a while, at least until we approach next earnings report or there's news, positive or negative, out of the DOJ actions.
Personally, am grinding my teeth in frustration since I'd intended to sell next time it hit 45. Well it did, but I didn't. Had a few hundred shares bought at 35. Got out today at 33 and considering when to get back in. Made some money on the original run-up to 37 back in March (?). Then got back in a little late (35). I'm not a day or short-term trader. But am beginning to think that short term is the only way to make money in this lifetime. You could hold stocks like this for years and just watch your portfolio expand and contract endlessly. Even my Keane stock, the creme-de-la-creme of IT companies, has yo-yo'd from 40 to 59 to 42 to 60 to 52 (today) over the past 6 months. Get's a little disconcerting. Old Amish expression: "The hurrier I go, the behinder I get!" |
