I have to agree, the price action ever since NASDAQ has been completely illogical. Also there's no real reason for yesterday's jump, and then it retreated back below $1.90 at one point, who knows what kind of manipulation going on. Volume was high, but lacking any clear new event I have no idea if this is the start of an uptrend or just more of the same illogical share price action. I would like to think it is the start of an uptrend but there seemed to be odd stuff going on yesterday.. Anyway a single day's trading is never something that can really be relied upon, we will have to see what happens today and if it appears the trend continues or not. Part of me thinks this was some kind of weird short term trading, although I hope not.
I have always been thinking 2Q earnings will help turn things around, and as you say Chaka by 3Q it should be evident to everyone on Wall Street of a trend of continuing earnings growth at which point it may gain some good analyst coverage, etc. So I think in the end you are right Chaka about 3Q getting the share price solidly moving in the right direction, but hopefully 2Q will be the start of it.
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