Congratulations on joining the team here at Silicon Investor.
Regarding the support level, the $6.00 level is actually a secondary level; the new primary support level is at about $7.00, where the prior price congestion point was taken out.
Will I sell at $8.50? It depends on the chart dynamics at the time (i.e. the price relative to the time), but I know I will have to get back in sooner or later. This is has the capacity to go to the teens and beyond, I believe, for the intermediate term. The stock is behaving very well from many technical criteria.
The market appears to be in the process of discounting the possibility of the $2 billion market. With no competitors to SNRS currently, the field is all theirs. If one does appear, I am expecting that SNRS can hold about 60% of the market, if they make their entry first. You can adjust the expected price accordingly.
As for the Nasdaq listing, it would appear that we should have it within a 6 to 8 week time frame, according to prior posts. This will add greater credibility to SNRS, and will result in greater endorsements from the investment field.
By the way, if you expect the issue to perform well, and your reasoning is sound, and the market is confirming it, then pyramiding up like you're doing right now will very possibly result in improved trading/investing profits.
Regards,
Rainier |
