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Wednesday, May 05, 2010 7:29:32 PM
For what it's worth, consider that the issue of a buyback is still unsettled. If this soars too fast, that makes it tough on Dean to buy back shares. On the other hand, if he leaks PRs slowly but steadily alongside a buyback, this can start to rise like dough, get kneaded a little and rise again, as people adjust to news.
I think a lot of people are likely to sell a small portion of their shares as it goes up, just to pay bills and cover their rent. I may have to sell a few thousand shares at a quarter, I will see. But to suggest that the bulk of most people's holdings are likely to be sold at less than .50 is kind of odd logic.
Remember, at around .50 the big board traders start to take a serious look. I think it is unlikely that by the time this stock hits .50, it won't turn back and will be going up in increments of pennies to a nickel a day and we will see the end of the three decimal point readings.
If it takes a full year or three years to hit a dollar, what do I care? I will still be able to retire. IMHO.
And it goes without saying that news tomorrow will be a critical indicator of the future. Either way, I expect blue skies eventually.
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