Pat,
**STK**
I haven't read the thread yet, just saw your post to me on STK, so if Kev's answered already...sorry...
I like STK very much. Good stuff, good future. Gets a decent amount of PR, sweet P/E, and recently upgraded by Soundview, plus lots of good news on the lawsuit, both of which accounted for its upside action of late. The options activity probably reflected the positive speculation on the lawsuit being resolved to STK's favor.
Playing near its 52 week high right now, so I would watch this one to see if it holds in the low 60s...I would suspect it falling back toward the 59-60 range relatively soon unless there are more PRs to keep it elevated at these levels. Then, look for it to drift toward upper 58 on any weakness in the market. Assuming volumes are average or better (in excess of 400K/day), I think that would be a good entry point, shorter term anyway. Conversely, should it be able to hold above 60, I would feel all right about a conservative position there; however, I would be sure to have a stop in place if buying above 60 for right now. <ggg>
PRs for you here:
quote.yahoo.com
Actually, I'm sure you already knew all of this, Pat, and more. You were just trying to see if I were already awake, right? haha
xoxo,
V. |
