InvestorsHub Logo
Followers 1
Posts 31
Boards Moderated 0
Alias Born 08/23/2003

Re: Kirk post# 71

Wednesday, 10/22/2003 9:06:57 PM

Wednesday, October 22, 2003 9:06:57 PM

Post# of 147
So now we're at $8.

The question is, will it continue up or drop back down tommorow? Normally I'd bet the latter, but the upward pressure all day with huge volume seems to be shaking out profit-takers without dampening the trend.

Looking back over the year, it's been a steady trend up. Guidance to continue up says we've now re-filled the drop from the past few weeks, and can probably continue growth.

Once the money turns over from profit-takers and insiders to new money, which might take a few days, I bet we're back to about $1 per month growth. Maybe we'll see 7.50 or even 7.00 again in the next few days, but I doubt it. I think we'll see some volatility like always, but will see spikes to 8.50 tomorrow and close the week above 8 as well. Investors and shorts can't believe 2000% and there is still room to grow, so emotions to sell and take profits is strong and understandable. But the numbers don't lie, and the growth is real, so the stock value must increase.

Who'd go for 9 at Thanksgiving and 10 by New Years?