Ben, please disregard the last msg. my search button didn't work :)
anyways, do you really think there's enough momentum to drive the stock over $20 in the next little while. Just a tidbit of bizarre coincidence I thought I'd share with everyone:
'member when the last time earnings came out, the couple of days prior to that, some MM suspiciously drove DOWn the price of the stock considerably. I, and everyone else was quite ticked off and frustrated by that. We should have averaged down or increased our position. Anyways, just days B4 the Q4 announcement the stock traded as high as $18
970203,17.5000,18.0000,17.1250,17.7500,730100,0
970204,18.0000,18.0000,17.0625,17.2500,394800,0
970205,17.3750,17.3750,16.7500,17.0000,412600,0
970206,16.7500,17.0000,15.8750,15.8750,704800,0
970207,16.1250,16.3750,14.8750,15.0000,439800,0
970210,15.1250,15.1250,13.3750,13.6250,653000,0
970211,14.2500,14.5000,13.6250,14.0625,1991000,0
970212,14.3750,16.1250,14.1250,16.1250,1690300,0
970213,16.3750,18.0000,16.0000,17.7500,1880300,0
970214,18.1250,18.1250,16.3750,18.0000,566400,0
970218,18.1250,18.1250,17.2500,18.0000,210800,0
970219,17.6250,18.3750,17.5000,17.8750,192500,0
and then on the 6th, 7th, and 10th, the MM made their move and drove the stock price down the an all time low of $13.375. The next days, the stock just flew back up to a week high of $18.375. Take $18.375, divide that by $13.625 and you get about 34%. Now, look at the last couple of days, day low b4 earnings was $15.25, then after earnings high was $20.5 and guess what the difference is? 34%!!! Very interesting. Based on some numbers I crunched before opening yesterday, I said to myself, maybe, just maybe I should sell at $20.25! Low and behold I should have. But I remember someone on this thread is confident that the stock will be trading in the 20s by summer. And I too, believe that. I am very reluctant to sell now after seeing twenty. As a matter of fact, I was using my tele-real time quotes checking minute-by-minute, play-by-play for the first couple of hours of trading yesterday and HEARD it surge from $18 to $20.5 (although I should've realized that a one day gain of over $4 is quite rediculous on modestly good news). I also put an order to double my position at $16.5 (thinking that the stock should open at day before's close + .25 like last quarter) Oh well, too bad. Now I have set a 1 week target price of $21-22 and 4week target price of $24.
So what does everyone think the Prince's involvement in PHII will do for the stock? And does anyone know more about the Hilton/Casino deals? It was the casino deal which drove the stock to $29 and also the casino deal which drove back to $16.
Thanks in advance, sorry for the lengthy post, but I found the above analysis intriguing. BTW I will buy the days B4 Q2 results are released if I see the same pattern. cuz if I were management for this young company, you betcha I'll beat earnings each and everytime for the 1st 7 quarters and they will!
QB |
