Craig, no, no $200 over the near term horizons for me. For me to get a price of $200/share, I must have visibility of $10/share earnings sometime in the next three four years, and I do not have any scenario which is that rosy for CYMI. The best case scenario I have is a max of $60, over the next few years, and even that one has a low probability. As for the turnips, they have turned mostly because of extreme put call ratio on the S&P and due to the resilience in the last few days of the SOX. It is right now a very short term call and I am still suffering from "extreme virtigo" mind you. You may be absolutely right and this is the l;ast "sucker rally", but if it is to succeed as a sucker rally, it will have to have some "oomph", thus my call for mid 20' on CYMI. We will see within a day or two how the supply in the 20 to 22 area is handled, and the turnips may change their opinion again. They are not particularly in "love" with one stock or another, so sometimes they are bullish sometimes they are bearish and often they are wrong.
Zeev |
