RE:PREDICTION on SP for this week?
I think the shorts will try an attack tomorrow. I expect a quick drop followed by a ton of buying. I expect the short covering will start mid week. Expect a $43 dollar stock price in a coupe of weeks.
Here are the drivers:
1) Shorts have lost control short term. People are starting to realize the model works.
2) The buy out is much more likely now. Postive quarter, more drugs in the pipeline and they can easily pay the debt. Private equity dream.
3) This sector has been overly beaten down. Funds are looking for low cost, high quality companies, CXR is one of them.
4) Finally, the short position helps, because with a short squeeze there is easy money to make.
I expect $43 in two weeks. This stock is going to move quick.