Thursday, July 23, 2015 6:54:11 PM
No one can ever tell how high a stock will go...
It depends
1. News.... in this case
a. Merger with who - partnership with who?
b. Traders perception of the merger partner
2. Quarterly's...
a. company worth
b. where they are headed.
3..MOMO... my favorite...
a. working together as a group to bring this up to a certain point; such as a very doable first goal point of 0.044-0.050
4. timing... after labor day when all traders are back - bigger volume
I'll edit to say there are a few other points as well, but these are the main ones for now.
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