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Sunday, August 06, 2006 11:16:33 AM
When those numbers from the .pdf are released in an AUDITED financials form, the market will soon support a higher PPS, I suspect
It is difficult to defend farther out prices for $4.00+, especially when the stock is fighting to a hold a dime.
Nevertheless, when projected earnings are released in a format the market acknowledges, there is nothing to rule those prices out.
I am a realist, and I never argue with Mr. Market. Right now the market needs confirmation in a form it can believe in, and Mr. Market is always of a bit of a skeptic, from my experience. Remember as well, that the greater market often takes several weeks to digest good news, and for that news to be reflect in price per share.
We here are penny players, and wild west believers, and we have a tendency to believe on a hunch, and make quick decisions to buy. That's where we either make great money, or wind up holding the bag. But the majority of "prudent investors", the kind needed to push the price higher, are more cautious.
I hope Sulja & Company soon provide those more risk-averse souls with the data they need to confirm a buying decision. The next two weeks will tell, imho.
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