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Alias Born | 09/21/2009 |
Thursday, February 04, 2010 5:08:20 PM
Although it is possible that it will eventually consolidate around $1.00, it also would not surprise me if this stays in this range or even continues to climb alittle further in expectation of the infomercial.
At this point the entire gain in this stock over the last 3 days has been nothing but psychological. The fundamentals are exactly the same as they were 1 weeks ago. Some of it could be explained by all the shorts finally covering and no longer suppressing the ask. They will be back again and in full force. Lets hope they get burned, but psychology can also destroy a stock that is not supported by its fundamentals, so it is extremely important that the first infomercial succeeds. I can't seem to fathom how it won't at least drive revenues that would justify this pps. Most of the posted estimates that seem well thought out are fairly conservative. I guess you never know.
I definitely would NOT buy at this point though. You never know if it going to correct.
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