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Re: Knowledge is King post# 101237

Wednesday, 10/19/2022 12:40:52 PM

Wednesday, October 19, 2022 12:40:52 PM

Post# of 129666
SPRS

The current fundamentals Look good, although last quarter was lightly taxed so that would take about -.03-.04 off eps if they were taxed at a more regular rate.

Truth be told don't really love the sector right now, get they are telling a good story, But I think that could change. Now not exactly paying up for the story so probably undervalued. Now with the kind of Liquidity this stock gets in a market that is moving a mile a minute, is not something I love.

As for technicals with this kind of liquidity, Technicals have much less value in my opinion, hence I would value the fundies much more in this kind of story than normal. Not technically overborught, Stock is trading in the middle of the range. Doubt it gets above $3.90 right now, and doubt it goes below $3.00 without significant news to spark it one way or the other. At $3.47 we call that no man's land. I personally don't like the liquidity or love the sector, but if I like the fundies and didn't mind the liquidity, I would lighten up around $3.75-3.90, and be a buyer under $3.25. Hope this helps. All is just my opinion, and I could always be wrong though.

---All above is just my humble opinion.
And I could always be wrong.
And as always do your own DD.---
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