I predicted that the breakout would be ~$6.49 and it happened a couple of days ago. Since then it's been climbing with good volume. I have my next targets set at $8.9 and $11.30, but I'm really LONG on this stock as I think they have a unique solution for testing IC wafers, which will cut manufacturing costs significantly for all vendors who use it. Their solution allows manufacturers to test the silicon before they're integrated into components - where a failed unit costs a lot. This is especially important since there's a chip shortage, and the last thing you want to do is to wait until final burn-in to realize it was bad from the start.
Comment:
They disclosed during their earnings call that they're revising estimates for revenue up by 80%! Big uptick after that announcement. Hang on - this is going to be a fun ride!
I'm not a financial advisor and I'm not offering financial advice. Everyone should do their own homework before making any decisions!
Good luck and I'm always interested in what you think.
Good luck and I'm always interested in what you think.