TDFX's debut basically came at a less than perfect time. News came out the day before options expired, and the day that it really had a chance to go up was during the option expiration date. If TDFX reported last week instead of this week I really think it would be @40 a share right now, I personally think it is heading there this upcoming week. This is not hyping a price, I think that 40 is very realistic in the very near future. THEY DOUBLED THIER EARNINGS +.01.....Right now the TA picture is hard to decipher due to big news creating a gap; however, if you look at the stochastics (which I think is a reliable technical indicator, especially in a scenario like this), it has buy written all over it. I bought TDFX today at 33 5/8 (slightly down on it right now) but I have now worries at all, by the closing Monday I am confident I will be up on this stock, as I am confident I will be up on it throughout the entire week and beyond.
I watched TDFX all day today and witnessed how some sold off late in the trading session, I really think that these people who sold just may regret selling this stock very soon. |
