RE:RE:Our patiencebearbullpicks wrote: ...in my view its just a matter of time before we break through resistance and skyrocket to $10+ I thought it might take a couple of months, but now i'm thinking it may only take a couple of weeks, for so many reasons already discussed, and supported by sky high targets. Investors who sell now will have to pay up for their shares in the future. Bond markets are indicating that interest rates are pretty much done rising and equities, bitcoin, and real estate are all responding accordingly. Don't be scared out of your shares by mild recession fears, as these have already been priced in. Fear and greed drives the market.
A word of caution to all those who not that long ago were not all that happy with the company's progress and talking about selling shares. Nobody has a bullet proof crystal ball here, not even the so called experts. This stock has been on a pretty good run since the Great Elm acquisition announcement, common sense tells us all that it will not keep going up. A pause and retrace to form a new base is a healthy move for any good stock, then if warranted the next leg up.
Part of this recent move is due to a lack of shares on the sell side, so your $10.00 dollar call is possible in the near term, I think and of course if buyer interest continues to gain momentum. I would never use any analyst's target price as a reliable indicator that the stock price will go up, but that's just me. Near term catalysts barring any news, would be Q1 earnings report, all though Q2 numbers are the ones to watch for. Lets see, recently announced CPI increase that comes into effect on January 1st / 2023. I would also say that the $2,000,000 cost savings that Quipt has identified, if it turns out to be right certainly can't hurt either.
At the end of the day, what is your timeframe and your own personal target price? Investing 101, you never go wrong by taking a profit, except that greed to often adjusts that profit. Sometimes up and sometimes down. Personally I think that Crawford is just finding his stride, I am willing to see what developes over the next couple of years and then reavaluate. But that's just me. GLTA