Heads-up to Technical People Re: Sodastream
If Sodastream closes above about $42.82 in the next couple of days, that would take out the 9/14/2011 high after this summer's collapse. Technical people may drive it higher at that point, possibly well over $50/share. There also appears to have been some serious buying going on in this company, possibly in ancticipation of holiday numbers, or else it is just as a yearly reallocation by people into 2011 underperformers such as microcaps. Stock is up 30%ish YTD. Recent volume is not high though, which is bearish.
Please keep in mind, I don't know what the hey I'm talking about with regard to technicals. It is interesting to watch them. I initiated at $41.70 after the collapse this summer, and upped my position by 133% when it got down to $28.50. For me this is a long-term hold, by which in the context of a microcap I mean a minimum of three years, unless my thesis gets annihilated before that time.