Ed,
It wouldn't be waiting until the end of '98, instead, the stock will
fly after 4/15 if the revenue/net are beyond street's estimates, which
I believe so. Besides, the stock was not over-bought if compared to
the same group of companies.
There are so many high tech companies, such as DEC, AMAT, Intel etc.,
whose stocks jumped about four times within one year, when their
revenue/net started picking up significantly.
Personally, I think Q2 is important to the stock. If it does well,
then $35 is within a reaching distance. Be careful if you own short
position.
Based on these couple days' performance, there is a strong supported
force which won't let the price fall. I don't know who aggressively
accumulates the stock. Well, maybe ML as Greg mentioned this morning.
Phil |
