Dan-
You need to 1)relax and 2)read my earlier posts! ;-)
But in all seriousness, like I said before, this is a long-term buy in my opinion, as I think it will see double-digits within the next 3 years. But if you're a short-term trader, it all depends on what price you bought it at. If you were fortunate enough to buy at the $2 level, you either want to get out now with your 50-75% gain, or wait until it gets to the $4 level, where I expect to see some short-term profit taking. If you're in it for the long haul, I'd still be accumulating at these levels. Short-term, I think you've got about $.50 - $1.00 more to go before it levels out (the first time - then I expect it to continue onto $5/share around April). I hope that answers your question(s).
By the way, the reason for the recent surge, besides the fact that it has traditionally been a seasonal stock, seems to be that a newsletter with a fairly large circulation stated that this is a $4 stock. Anyone with more precise info?
-Gene |
