Re: SEVL - I agree with the sentiment that we see a gap to the $6 area, maybe higher, and then subsequently in the day even higher levels than that. The BW article was powerful, the stock was 3rd most active on Nasdaq, volume was 20.5 million, the AOL news was excellent (it's real news and very exciting) and confirms the veracity of the BW story - and the mkt didn't have time to react to the news, more good news lies ahead, SEVL has a history of big upmoves on good news, and there is much positive press over the weekend.
This reminds me of back in late Dec. when DBCC had a positive article in BW. Many were shorting it at that time, saying all the hype was hot air and the stock was overvalued. That Fri. it was one of the most active Nasdaq stocks, had huge volume, and it jumped significantly and then gapped 2 points or so to 20 the following Mon. At the end of that week it was still strong, closing around 26 or so. Mr. Pink shorted it and so did many others. It gapped to 31 or so the following Mon. and quickly made it up to the 40 area. Eventually shorters did well with DBCC but by waiting a bit they could have done much better. The same is true with SEVL. |
