Here is what I responded to a similar PM question on HAUP:
"You got to play HAUP carefully, a realistic target here is $14/5 with an entry in the $6.5 to $7.5 range. If we get to $14 before the market is ready to tank in August, we might even get a run to $30, and if exuberance reigns, possibly the all time high (around $47)." Of course, I should have said "if erubescent exuberance reigns". As for those pointing to me that $47 might be 4 to 5 times sales expected in 2005, I would remind them that stocks like GIVN are selling at 20 plus times the last 12 month sales, and yes, GIVN is extremely over valued here and any one that has ridden it from the $6/7 area some 10/12 months back (snp, bethere, rehot, biomed, nowlurking, bearmove, WCYCA, Bullwinkle, DonH, rmzport, mrgoodtrade, kumqwatt, kmjb9763, blueleader, cash2go?) I am sure many others played this one for good gains, should raise stops ot take well earned gains. $20 was the target when it was around $6, $35 is a little overdone, and I want everyone to make sure not to be too greedy on it, GIVN is rapidly getting into Lala territory
As for $1 (back to the HAUP discussion), that is surely not something I see as immediate, or at all, but it is not impossible. (nothing is). Just use rational stops if you plan to get in, and before you get in, decide what that stop is and if this is a loss you "can live with".
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