RE:Excellenttamaracktop wrote: This is very good. Probably about the biggest pullback you'll see in a stock this strong is about 5% ( give or take a couple ) before buying emerges. 5% off the high puts us at $7.31, so anywhere down around here looks pretty good. ( $7.20 now )
Notice how fast it recovered to unchanged from the low at $7.11 this morning? I'm really liking the fact that this is coming on light volume.
I have no idea if it will recover to close higher on the day. Nobody does.
When it does start to recover, today, or tomorrow, or whenever, I think the volume will pick up again, and the recovery will feed on itself. I doubt it will take too long to challenge new highs again. Good stocks tend not to accomodate the masses.
Everything looks very good. It's pretty obvious that there isn't a whole lot of stock available. Quite the opposite. There are air pockets overhead. Big ones.
The market hasn't even come close to discounting the HyGear acquisition. Ciao's back-of-the- napkin was spot on.
These 2 LOI's for ~$50 million are going to have a major impact on revenues as well. Xebec has never made a dilutive acquisition, and has been buying service companies at less than 1 X revenues.
When the analysts finally get around to revising their revenue estimates, if and when the dust settles, the revisions will be big ones. Probably around ~$200 million would be my guess. Up from an average of about $120.
Throw some multiples at that and what do you get? This has a very long way to go, and it's travelling fast.