Still trying to figure out my buy/sell points on this one, but everything seems to be pointing to a rally to $7+ or a test of gap support. Really disappointed with the late day selloff, though we were gonna get another late day push, oh well.
For all I know, it may just hang out in this $5.5 - $6 zone for a while. This stock has exhibited rangebound trading in between earning reports in the past.
We're looking at a trailing P/E of 34 here, but if they continue with their current pace, we're looking at less than 15 forward P/E. So I would expect a huge rally if they meet or beat on their next earnings.
For all I know, it may just hang out in this $5.5 - $6 zone for a while. This stock has exhibited rangebound trading in between earning reports in the past.
We're looking at a trailing P/E of 34 here, but if they continue with their current pace, we're looking at less than 15 forward P/E. So I would expect a huge rally if they meet or beat on their next earnings.