This is a beautiful chart.
Double #1: July 2006, $27 --> April 2007, $54
Double #2: April 2007, $54 --> October 2007, $108
Double #3: October 2007, $108 --> April 2008, $216
Could POT double a fourth time? I think so. That would put it at $432. It's due for a pullback to the lower orange uptrend line. If that line holds, I'll be getting long. If it doesn't hold, the party is over.
THE TAKE AWAY: Just because a stock has doubled doesn't mean it's too late to get in. Maybe it will double again, and then double again after that.
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