Nice Hold. Go With The Trend
Not much to add to that statement really. It's just that simple ironically. You are never in complete control, so all you can really do is that which is most probable.
It looks like it is even capable of breaking $70. All the news seems to be priced in at this point, and it's trading at multiples significantly higher than it's industry peers. The price to sales is ridiculous.
Also, judging by the uptick we saw this morning, and the sudden sell off that followed, it looks like the underwriters may still have shares to sell from that at the market offering, but we will have to wait until their next earnings report to confirm that.
It looks like it is even capable of breaking $70. All the news seems to be priced in at this point, and it's trading at multiples significantly higher than it's industry peers. The price to sales is ridiculous.
Also, judging by the uptick we saw this morning, and the sudden sell off that followed, it looks like the underwriters may still have shares to sell from that at the market offering, but we will have to wait until their next earnings report to confirm that.