A double from....just a matter of time.
I agree, Grace, but with the following provisos:
1. The general market conditions will definitely affect GNET, and if the market falls because of Y2K problems, rising interest rates, political events or any one of a host of other reasons, it will take GNET down with it. Reason: We still have an astronomic P/E attached to the stock, and these stocks are usually the first and the hardest hit. One need only reflect on the events of the past 6 weeks to confirm this.
2. If history repeats itself, this stock will sell off after earnings come out in July, regardless of the number reported. The typical speculative run-up prior to earning by the momentum players has to end somewhere, and it usually ends the day of earnings.
3. On the upside, the news out of Paul Allen/VV should be good and this can drive GNET's price up, as can a "strong buy" recommendation from a major analyst and/or brokerage. We can always hope this will happen soon, but at this juncture it is mere speculation.
Thus, IMO the likelihood of a substantial run-up from here depends to a large extent upon variables beyond the control of Russell et.al. The stock and company continue to perform well but until a justifiable- even reasonable- P/E come about, we remain vulnerable. As WST would say- "Just my views"! Regards-
Sleeper |
