Originally Posted by
morganplus8 Gang, you need to know that this is a very impressive rally here, we took out a key resistance level at the 50-dma, we then took out an overhead resistance level at $ 14.83/shr and we took out a "down trend line" from the 52 week highs so we are in a terrific rally here. We have one more small target that needs to fall, it's the resistance we met last time at $ 15.30/shr, we also need to see follow through on this rally so tomorrow is the perfect time to do it all. Let's look to gap up, trade through the $ 15.30 level, make new highs all day and again, close near the highs. I think we could close the week having made 52 highs at one point, that's the potential here.
This is a major brea-kout for the stock, we are targeting $ 22.00/shr and if those numbers are good on earnings day, we hit that. The short position is still uncovered, no one believes this rally can last, they aren't covering now, but if earnings place us close to break-even on EPS, and cash is strong, the shorts will be forced to step in. Misek was on BNN.com just after 4:30 PM if you want his latest take. He and a couple of others will be raising their targets to $ 23 - $ 25 on EPS day and that's how we hit and hold the $ 20.00 mark with some over shoot on the rally. Things are really coming together here, let's get over $ 15.30 and hold it tomorrow.