Hans ?

I don't think so.
I believe now could be a buying opportunity. The stock isn't "overvalued", they have a clean balance sheet, and they should continue to grow EPS.

Based on the weekly chart, unless it falls another 5-8 points to break the 10 week (50 day) then I won't be worried.

I'm not long the stock.
 
True, very much so...If it drops below the support, i would then sell, but unless it breaks through, i agree with you that it will keep going up.
 
One of the true dilemma's with these momentum stocks. That support you talk about, if/when it ever breaks will probably occur on some brokerage downgrade that gaps the thing down 15% in one fell swoop.
 
Quote from vulture:

One of the true dilemma's with these momentum stocks. That support you talk about, if/when it ever breaks will probably occur on some brokerage downgrade that gaps the thing down 15% in one fell swoop.
More...

How would it bring it down 15% ? Curious.
 
Quote from vulture:

One of the true dilemma's with these momentum stocks. That support you talk about, if/when it ever breaks will probably occur on some brokerage downgrade that gaps the thing down 15% in one fell swoop.
More...

That's true, and it'll most likely be some boutique.
 
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