so ... probably one more turn around here near $8, a retreat to the prior breakout level ($7), consolidation, then a steady climb to the $8 level, whence it will most likely once again breakout for all devoted psta investors.
there's nothing truly exciting about pasta, but what the hay, i believe it has lots of legs left in it.
---OT---
jim, i've been following TOPP for almost 9 months now. take a look at the 3 year chart, plot the 50-period and the 200-period moving averages. nice long-term crossing pattern developing, breakout confirms stock price is favorably reacting to this event.
p/e ratio is sweet, looks like the company simply needs to focus on their vision, and another doubler is in the making. it would make sense for the stock price to come back a bit, before consolidating for a while. i wouldn't chase it right now, but rather wait for it to pull back to near the breakout level (hopefully within 5%, or around $10.10 or so). in the meantime it looks like a strong candidate for the watch list.
once again, nothing exciting, but stocks that pop 9% in one day are fine with me, especially ones that present little to no downside risk. too early for tech shopping for my blood ... so here is am :o)
regards, jb |
