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Strategies & Market Trends : Fundamental Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: bruwin who wrote (1116)	3/8/2010 9:12:16 AM
From: The Ox	Respond to of 4719

I think the increased volume the past few days was some smart shorts exiting their positions. The short position is so large that it will take either a very long time for them to leave or we will see a massive spike/short squeeze. Looking at the numbers and just giving a first glance, wild estimate, I think we could take an ultra conservative view for 2010. Lets say that eps grows at 22% over FY09. $1.03eps x 22% = $1.26 eps and give a 16 to 22 PE range for the stock gives us a price target range of $20 to $28. I would think the shorts need to exit at some point unless they know something that the company isn't admitting to the public (hard to believe but possible).