RE:RE:RE:5.51???EStreet wrote: figbranch wrote: bullet14 wrote: just cant seem to get over the hump!!! Whats happening???
the resistance, in this case, has to do with overall market conditions. all the markets have been in the red this week due to poor corporate earnings, fed's rate hike uncertainty and oil crashing. i'm not the one to go out of my way to make up excuses for the sp performance but in this case it's the overall market. in fact, i'd say the silver lining is that the sp has done well this week considering all the red territory. i think we've made the turn and on our way to explosive growth in sp.
Actually were holding this $5.50 level pretty well and as good a price as any to form a base after a 35% run up in April,,. These guys appear to be doing well on the organic growth side however this might be our level until these guys come up with something on the acquisition front,. They will need to do more then go on the road and talk about it, personally I think they have had something fall through again,,. That 45 million of added acquisition revenue is going to be increasingly difficult to accomplice as the year progresses,,.
Estreet, i just agree with you everything you're saying. i think the main driver behind sp increase is meaningful acquisition. we will get some bump up with 1Q and subsequent quarterly earnings report but it's all about the growth story. let's keep fingers crossed. i know Fleming is on a mission.