I think so. There should be a retest of the all-time high around $97 and then a pullback but ultimately the next leg up should go to new highs. The technical picture looks solid and although the current price is close to the upper Bollinger Band, indicating a near-term short pullback may occur, the rounding bottom is setting up for a strong upside move soon. But don't limit your investment to a short-term move - this is a great long term (12+ mo) play too. If they can come close to $1.17 (last Qtr) for the next 4 quarters, I would expect the price to jump 50-100% over the next year. With 100%+ earnings growth a 40 PE is easily justified and that means $160.
$86.31 (12/20/06)
