As expected, a third volume burst occurred around 3:15 which pushed VTSS to as high as $24-5/8. Although the late round of profit taking took the stock down a little, a $3 jump isn't bad after all. Besides, you can blame the late profit taking as a whole market issue rather than VTSS specific, 'cuz DOW dropped to up only 30 pts from up 100 pts at around 3:15pm.
But if you like me, you would have sensed the turnaround of the market sentiment. The market started to treat a good news as a good news. CPQ beat First Call estimate by 1c, the stock went up $1. PFE's result was below the estimate 6c, but it still went up $8. Sure INTC dropped a little even though it beat the estimate hands down, but it had already went up a lot since it first announced that it would beat the street estimate. So, my feeling is that, if VTSS can beat the estimate by 1 or 2 cents, we will see it moving up on Friday. Now, if it beats the estimate by 5c...
In the long haul, I have no doubt that VTSS will reward everyone on this board handsomely (as long as you keep it and don't sell after got only $0.5 profit, of course!), no matter what price you've got in. Just think that its revenue will triple to 550 mil within two years. How high VTSS can go by then? How about also tripling to $75?
I will post analysts' new comments if any tonight.
Good luck!
MB
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