Monday, January 03, 2011 3:15:11 PM
There are actually several reasons of stocks reaching unrealistic highs are possible in this market. Momenteum can do wonders for stocks, and given WNBD had approx. 600 mil shares outstanding at that time made it possible. It's also possible it can happen again, but knowing momenteum can't be maintained forever, any large spike will be short lived unless there is a substantial basis for the increase. From all indication expressed from Eric thus far is, that he expects the growth to be one of natural progression which will result in a sustained PPS growth as opposed to drastic spikes followed by drastic pull-backs. It's up to investors/traders whether they are willing to wait for this type growth to occur, but this seems to be the jest of it at this time.
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