Check out the 6 month chart and you'll see where the price is going with a similar trading pattern. We are only about half way up.
Just wait and when the CEO releases the PR regarding 100% higher quarter to quarter revenues and increased margin it will move over .20. The short seller is getting away with a lot here considering that that news alone will force him to cover. I hope he gets caught with his shorts down.LOL
Also, they haven't PR'd the news from the GOOGLE FEDERAL USER CONFERENCE Feb 24th, just a week ago. I'm sure that's coming soon. Imagine the deliveries of that!
No reason to retrace yet, IMO.
From the Feb 18th conference announcement PR:
He will discuss the features and benefits of the Google Earth Enterprise Appliance, exclusively manufactured by IceWEB for Google. The Google Earth Enterprise appliance brings the power of Google Earth and Google Maps to organizations who want to securely and rapidly deliver geospatial data to their users. Attendees will include Google’s partner network and Federal Customers.
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