Q: This stock keeps on falling everyday. First you had said $170 would be a good price to get in. It kept on falling then you said $165. Now we are at almost $160.
In your experience, what has to happen for this to turn around?
A news or an upgrade?
thanks
In your experience, what has to happen for this to turn around?
A news or an upgrade?
thanks
5i Research Answer:
An upgrade would help, or news on credit, or an acquisition. Or, more simply, the short sellers could cover after making some profit. Earnings will be out within a month, and of course they could be good, or at least better-than-feared. Lack of news and fear can certainly hurt a stock. But its 9X earnings valuation, and very strong history of growth, should see buyers step in at some point.