Hi Mike & all - FWIW, I did double down yesterday. That said, I maintain some uneasy feeling about this stock. Granted that this is an out-of-favor sector for the time being, so one should expect some weakness. However, it is beginning to suspect someone(s) knows something not factored into the bullish sentiment in this thread. I am not particularly strong in projecting target price, since I believe the market is in a state of flux governed by the prevailing trend, market multiples, and relative to peers etc etc. I don't even know if the market is highly efficient. Still, one has to believe the big time market players are not so dumb either. According to Yahoo! research, there are 9 analysts covering ANTC. Personally, I am not an ANALyst person :), so I don't particularly worry about the rating, but suffice to infer that ANTC is not a little known stock. So, I can see a short duration of weakness due to supply-and-demand and sector strength etc etc, but ANTC is now struggling to stay above the 52 wks low, a key psychological number. IMHO, one should start look around some more.
Just trying to facilitate some POVs
best, Bosco |
