With the ask sitting right now at $5.00, we are looking at two types of people buying at that price: Either its the people who have yet to invest in WAMKQ and want to jump on the bandwagon so they see the ichimoku clouds, the past % gains, and/or the PPS increase and start to buy knowing/hoping that the train has left for Boston from L.A., or its the type of people who have taken a profit after $2.50, are kicking themselves for doing so because of the ask now, and are going to put all their prior investment, + their gains, into the new PPS, confident from their prior earnings that the PPS will continue to rise.
This is my opinion, and it's going to be bias because I have been extremely happy about where this is going. My own personal business, a charity I run, as well as my portfolio is doing extremely well and my girlfriend and I have been celebrating with a large quantity of a very nice chianti.
I should like to consider the situation a bit further, however, and implore everyone else to do the same by playing the devil's advocate. I think in times like this, when after a long time of investors being patient we see a sudden run in PPS, we become a little attached to any reason why the PPS will continue to go higher, and forget any reason - however improbable, just capable - of this PPS going back down. We have seen it already in day traders and people trying to take a profit, whether because it was past their sell point or because they didn't want to risk losing out on the spike.
Seriously, we all need to make sure we are not drinking wine and being merry like me (well, a little is good!) but ensuring that we are absolutely certain this train will continue to rise. I don't want to see the smart people I read here erupting in joy when this thing opens above $4.00 and breaks $5.00 tomorrow. Lets make sure we cover all our grounds before we drink anymore wine (oops). Is the PPS consistent with what the company could possibly cut the Ks if the money is injected into its net worth? Are we certain that this train is giving an educated valuation of the K's current PPS and not just running up the price because we like seeing the price running up? I guess that's what I'm most afraid of.
Congratulations to all, and I will continue to drink my wine and await the comments of older, more experienced investors. I like the minds on this board. Let's keep the thoughts rolling.
Edit 1: I just realized after posting that I didn't even answer your question. I think this will open just under $5.00 because there are too many people out there thinking that a 200% open from yesterday's price is ridiculous, so they'll pull the ask down to a bid of probably $3.85, then from there, the sky is the limit. I really want to see this thing go, any the only thing that will stop it is when people get their heads on straight and realize that there is no real money being exchanged right now. The PPS is a product of speculation - as is usually the case - and will require momentum from confidence to continue. Otherwise, we may see a triple peak and a shark decline.
