However, my view remains:
<"It has just started to run"> <"The stock is in the infancy of it's run"><"this will be over 20 by Jan"><"XICO is on it's way and should be at 20 in 4-6 months">
First, if your (in my view) pie in the sky estimate of $20 a share is accurate, then by any objective standard the stock is clearly not in the "infancy of its run" or "has it just started its run" as you have stated. I think its clear and most reasonable people with agree that XICO started it run late May/ early June. Since that time the stock is up 366%. Let's assume your optimistic share value is correct(I think $8-12 is more reasonable, but let's use your numbers)of $20 a share. From this point for the stock to hit $20 it would have to appreciate another 310%, which would mean by your own estimates we are at least 55% of the way through the run. The easy money has already been made. In investing all that matters is ROI, and that is determine by percentages. $10,000 invested in Xico at $1.50 would of returned a profit at current price of $32,666. To just match that return, if you invested $10,000 at current price, the stock would need to run to $27.00 a share and even then you would have a profit of $32,174. So as not to offend you, but just to point out the obvious, the run is not in its infancy or just started, using your numbers we are at least 55% of the way along. Like I said the easy money has already been made, there is still money on the table, its just you will have to work for it and assume greater and greater risk. I think Xico had a better chance of running from $1.50 to $6.40 than it has to run from $6.40 to $27.00 plus. |
