I figured it was heading to $5.25 - $5.30 today (mentioned it earlier) and there's a possibility it could head down to $4.7 later this week. I'm staying long because it's hard to project where this will bounce, even though it's terribly overbought right now on technical indicators and volume is dropping off. The way I see it, if I was relying strictly on charts, I would have sold at $4.8 last Friday anyways.
Excerpt from the conference call:
"Based on recent SafePath run rates, we expect the third quarter SafePath revenue to grow approximately 30% sequentially."
If the CFO is right and they get 30% revenue growth on SafePath, you can expect this to go parabolic next earnings. Pick your entry point, I guess.... I'm already 2/3 in with another add if it hits $4.7 again.
Also expecting some analysts to pump it sooner than later because that's what they do. With the stock price above $5 now, there are going to be funds buying in.
Excerpt from the conference call:
"Based on recent SafePath run rates, we expect the third quarter SafePath revenue to grow approximately 30% sequentially."
If the CFO is right and they get 30% revenue growth on SafePath, you can expect this to go parabolic next earnings. Pick your entry point, I guess.... I'm already 2/3 in with another add if it hits $4.7 again.
Also expecting some analysts to pump it sooner than later because that's what they do. With the stock price above $5 now, there are going to be funds buying in.
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Another head fake or are we going up? I have no idea, that's why I'm buying the dips and maintaining my buy points if it does tank.
Really hard to figure out the charts n this one anyways after it gained so much in one day.
Really hard to figure out the charts n this one anyways after it gained so much in one day.
Look at the charts, at worst case even if 6.2 is the top it will test that again before the next earnings report, so might as well keep adding.