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Radio One Inc. Message Board

  • blackfilmmakerman blackfilmmakerman Oct 1, 2013 8:54 PM Flag

    Explanation for this recent upside move??

    Not that I'm complaining, but I'm curious about what anyone thinks is responsible for this recent move, which appears to be supported by volume. There's really been no major news, unless I just missed something, since their earnings call in August. Is there something afoot here that we don't know about? Frankly, while I like the run-up, it does make me a little nervous when we move up like this all of a sudden.

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    • Stock has a short ratio of 41 and 20 percent of the float is short. Those astounding numbers combined with an average daily volume of just slightly over 100,000 shares may explain it. All it takes is for a few shorties to exit their positions or parts thereof to create demand.

      Sentiment: Hold

    • Could be company buying shares back. Also stock has historically run on little news.

      People could also be buying in anticipation of earnings...

      Not really sure.

      Sentiment: Strong Buy

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