I follow my plan and have no idea where it can move short term. We know stocks, especially smaller ones, can soar well above reasonable valuations. You have emotional overreaction and potential short squeeze on volume. All of this could last a day or two. In essence you get a natural move excaserbated by pump and dump within that move.AmateurNerd said:
For those who haven't bought BBOX yet, is it worth jumping in on Monday morning right when the market opens or waiting to see if the stock drops a little throughout the day? If you are thinking it gets above $3+, does trying to gain a few extra cents matter?
We also have the earnings call occurring Monday morning early (9am eastern). That could add fuel to the fire or tamper down the excitement. One sentence in the release that I noted and would like to ask on the Q&A is in reference to their looking at all options including the sale of the remainder of the company - as being responsible managers to their stockholders.
This appears to ensure value per share to anyone investing but I want assurances, as well as to know if their first objective is to continue their growth objectives. In light of their going through the extensive certification process for their switches its a fair question. That adds additional value - in their sales pipeline or to potential suitors. Which will it be? Short or long ball.
All that to say - you buy premarket your part of the push higher. If it goes too high don't be a holder, at least not of a full position. You'll naturally be able to buy it lower. As a general rule think 50% retracement from wherever it tops out before buying back/adding.
