Crossover next week... and $37.50Yes, if you look at where this company came from and extrapolate the phoenix rising the first resistance of consequence is $37.50. You otta know it is no longer about the devices it is about the IoT.
Sure, M12, T18, W20, T25 need to fall first but the long game says F37.50. With that number you can expect the Short Squeeze erupting right into $37.50.
A Long trade risks only loses of your initial investment into zero, the Short is feared as the loss is technically infinite. This is the reason $37.50 or higher is the squeeze number and then $45 by March 2015. The major money is now stepping into the trade and the market dynamics will take the phoenix into the $37.50. Some of my colleagues say I am conservative, meehhh, maybe... we shall see next week!
Roll on IoT, roll on