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Dover Downs Gaming & Entertainment Inc. Message Board

  • echodogs1 echodogs1 Aug 30, 2013 12:15 PM Flag

    Earnings and P/E

    By the end of this year, their earnings should go up which should bring their P/E down to a reasonable 10-15 again.................which is why you are seeing the spike.

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    • no you are seeing the spike because a short called the bottom yesterday and covered his position at about 11AM. Traders seeing the stock in the gainers chart lists hopped on for the day. At 230 this afternoon regular traders speculatively hopped on the stock and drove it up on higher volumes to its 10 percent gain for the day. Real massive traders will come by on Tuesday morning and dive in, thinking this stock is running. That should push it up to about two bucks a share for the day.... which will probably continue the notice of the stock on Wednesday, driving it to newer highs. JMHO

 
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