No more resistance until 5,45$ then 7,45$
This stock is on fire...
With last quarter results way above management view and revenues coming a lot more from new products the bad days seems to be over.
They are expecting something around 0,40 profit per share in Q1 2010 and if they do realise that, it will mean an average of 1,60 per year thus a projected share price of 11,20$ based on a very low multiplicator of 7 (range for tech company are more over at 12 that would give PXLW a share price of 19,80$. My expectations for sometime in 2010 (most probably after Q3 reults in october) would be 14$ leading to a 600% gain this year.
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