Certainly not at these levels.
With a P/E of 10, this stock is so overpriced I'm blue in the face. ;-)
Any stock with at these prices deserves a look, and when compared to others in the same sector, looks very decent at $13. My question to you is why is CHPS the only stock affected by increased volume of 300%? You said you got in because of it's momentum.....momentum from what? When it hits the streets do you think it will tank? Not likely. This stock has been beaten down so far that the risks taken to get in at 13 are well worth the upside potential. I'm sure your "associates" will sell, as will I before earnings. But spikes as seen today only happen on rumor, or perhaps news. We have seen no news, and the rumor mill is quite borring. I just got out of one such value stock, trading not long ago at $18. It closed today close to $29 (APM) and will continue this trend. I think we will see a continued short-term reversal in CHPS, and perhaps a new trend. I don't know enough about CHPS to even attempt to predict an upside, but based on technicals alone this stock can support higher share price. Does'nt take much to see that.
Remeber the day CHPS crashed after it announced the earnings just few months ago?
Any stock would have tanked. This is not unique to CHPS. Then thier correction of past just leaves that much more upside potencial, and the pros know it. The volume we saw today was not from Dick+Jane investor. That won't come (along with the selling) until news hits the streets. I'm holding for better than $13.
Yes it's a big-time breakout on any chart. The question is, what does CHPS have to do to prevent investors from selling their shares?
Well an upward moving trend would do it, and good earnings will insure that. <VBG>
Perhaps you have something else in mind? |
