Originally posted by Peter Hansen
I got in BRCD in mid Feb. under $5, and I have a sell target of $7.04 for them, which is roughly 15% above its current price. The scary side is that it has had a steady, but not meteoric, rise over the past 3 months or so, and pretty decent volume.
With that said, there are an awful lot of people sitting in BRCD with some nice gains. If they start taking some profit off the table, it could stall out the stock or cause a pullback.
A pullback would not necessarily be a bad thing; rather, I would see it as an opportunity.
Keep that in mind if you decide to go in. Normally I would say that you were chasing gains that already occurred, but the fundamentals are still very strong here.
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