LOCM should be $5+ on momentum of Nasdaq rally alone
No reason whatsoever LOCM not participating in the monster Nasdaq rally. Stocks with far worse financials than LOCM have already moved 50% or more in the last 90 days. When the Nasdaq last crossed 3500 in Nov. 1999 micro caps like LOCM were already well on their way towards $10. Bernanke is backstopping the markets. This rally will continue. Therefore LOCM should be trading well above its 52 week high of $3.00. $1.66 is irrational to the extreme. LOCM is DOWN about 20% since Jan. 1. This is a Fed fueled momentum rally. Technicals matter little. Fair value $6.00, 12-18 months $9.
If you look at the excellent fundamentals is a target of only $5 too low. By a valuation like competitors must the share-price be between $10 and $20 - nearer by $20. Only gigantic naked shortselling blocking at this time a higher valuation. But this on the other site a gigantic chance for in investors. Flankenking had for example increased his ownership to now 77,200 shares - more than a third procent of the outstanding shares.
You're shorting a micro cap stock during the 2nd greatest momentum rally in the history of the Nasdaq? Your shorting into a rally fueled by the Federal Reserve pumping $85 billion into the markets every month? You're in for a world of pain.