RE:RE:RE:Majors are being more cautious with acquisitions... My argument is that I believe the consolidation will be done above $3 and the new floor is $3 going forward.
Buyout offers should come in the $4.50 - $5.00 range.
Therefore seling shares at $3.25, with a new floor of $3 (in my opinion) and a potential for $4.50 - $5.00, seems like a poor risk reward.
We'll see what happens but given the bid bids above $3.00 and the large volume yesterday I see us holding the $3 level and making a new base above that level, $2.75 was the new highs, they will absolutely hold as new support going forward as it was old resistance.
Theres no being greedy when you're in an uptrend, those that trend follow ride the wave and sell when the trend bends, to sell in the uptrend is saying you have a crystal ball.
Profit targets are profit limiting, they imply that a trader knows the future.
I never make profit targets, I simply ride out my positions until the trend ends, yes I may give up 10-15% seeing the trend bend, but often I give up much more thinking Im being greedy and selling in the middle of an uptrend.
GL