>
>I bought some MACR shares 5 days ago for $17.94 -- and am quite happy.
>
>I expected the price to increase gradually to the $22 range.
>
>Any ideas why the stock is going up so rapidly? (Other than the
>excellent company and superior products)
>
One other reason is that their stock had nose-dived (relatively speaking)
after their last earnings call due to downgraded financial forecasts (if you
look at their stock before their last call, it was at roughly $28) and
subsequent stock downgrades by various financial firms. So while it is
rebounding a little bit due to increased confidence in the tech sector,
january, and a host of other external reasons, i also think it's because the
initial "shock" of the last call's revised figures has receded and investors
are coming back.
Just my $.02.
Regards,
Dave.
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