To All: Since we are playing guess the market response, I say roaring up. Revenues are rocketing, backorders heading into the billions [currently $1.4bn or so], technology proving to work well, general and administrative expenses under control, Globalstar, Eudora, Omnitracs, ASICs etc all going well, CDMA operations expanding rapidly, Japan, Russia, China, and most other places joining in, world's economy thundering along, cellphone popularity soaring. Nothing can go wrong can go wrong can go wrong. Oops! How did that happen?
Joking aside, finding bad news is really like looking for a needle in a haystack.
I suppose the majority of investors will stay out because until money is rolling in, and paid out as dividends, there is a very large sector of the investment community who won't have a bar of it. Also, with overall market scaling and gutting going on and still not over, it will be somewhat restrained.
So I'll go for an opening bell of $44, heading on up to $47 later as people realize they have seen the last of the cheap days. And the sheer enormity and reality of the revenue growth dawns on them. The profit figure will be largely ignored - people won't want to look foolish by dwelling on an irrelevancy this time around.
But just in case, I'll be watching to see if there is anyone wanting to offer their shares at super discounts again.
Enjoy!
Maurice |
