Another hedge fund picked up 8% of the company ownership and added a managing partner to the DAVE board of directors. Another bullish development. $25 by summer.
I wouldn't say I'm a smart guy but my guess is that it will be even or down some, around 165k. Some of the buying in the last run up must have been shorts covering although I haven't seen signs of capitulation yet. I'm sticking with a target of $25 (or higher) by next summer.
So today is settlement date of the new short interest to be released on the 25th. On Oct 31 it was 175,000 shares. My guess is it goes up to maybe 200,000 shares. Any of you smart guys have a guess?
no you don't, knucklhead. as long as you post your nonsense, i will call you on it. hopefully, you get educated somehow, clean up your silly act, and grow up. at that point, maybe a posting of yours might have some merit. hopefully, you will simply find another game in town.
Bullish? While they serve beef brisket, the better bet is to be piggish. And that would mean shorting the stock. No emotion, I like the ribs but this is overvalued.
Adjusted for the 4 million shares bought back by the company, the all time high for DAVE is around $30 so there is still room to go before it reaches that level (which I think it will). The company is going through a re-org which has been improving margins. I'd like to see it grow more into Canada where the first DAVE location set sales records. And yes, commodity prices have been coming down following the drought from last year.
I expected this to get crushed today by profit takers, but I have to say I am encouraged, too. Liking the volume and cautiously Bullish. It's high time DAVE gets on the right radars.