We advice you to lock in some gains, our buy advice came around $6.5 a week ago. You can sell above $10 now, that’s quite a substantial gain for a week, we would say… This doesn’t mean in any way that we are less bullish on this company, just that things can go too far too fast.
We would also say that technically, things are looking rather overbought (no surprise there, after the rally we’ve got in this company)
We do think it’s time for some consolidation, but we keep saying that, with the guidance for 2009, the habit of the company to be conservative with that, and, perhaps most importantly of all, that this company didn’t even suffer from a single scratch from the economic downturn, you can park your money here even at these levels and just check from quarter to quarter whether it is still on coarse.
That 2009 guidance involves:
- 33%-38% topline growth, exclusive of 99114.com, one of their B2B initiatives (see here for more on those)
- $5-6M in EBITDA