I still expect to see another swoon down here, and yes, I still have the 1220 as a target. If that comes to pass, I would expect NOVN to breach $10 and make a last trip to test the high $8 (I am still waiting and so far, for two weeks now, $10 and change has held quite remarkably, thus the test might be successful already). If that test is successful (and I expect it to be), then within three months of that test we should challenge the $14/$14.5 area. If that is broken three to six months later we should be able to slowly get back above $20, first we probably are going to dwell in the $16/$20 area, and as earnings flow show the expected improvements, $20/24. The $20 area will be quite a nut. However, if you asked me what stock is a potential double bagger in a year (providing we do get the cyclical bull, and it is not killed by "bad breath" rally here), I would say NOVN and SKX are my better candidates.
Zeev
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