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RF Industries, Ltd. Message Board

  • jasehawk1 jasehawk1 Nov 27, 2013 9:22 AM Flag

    How is this stock at $13.74?

    This is absolute insanity. I have followed this company for years. There is nothing this market won't catapult higher.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • That was quick. Still can't believe it actually got to $14.

    • FINALLY someone sold this pop

    • Yes total insanity! But it keeps going up! We're in a market bubble right now. Anything & everything is going up. Most of them at least have some kind of good news. No news on RFIL whatsoever. Insiders had a mass exodus this year around $6 and $7. Yet people are buying over $14 now! Insane!! Apparently these momo players know something that the company management doesn't know. Or I wonder if the people buying at $14 actually know they stock is worth $7-$8 and are just playing the bigger idiot theory of investing. A very dangerous game! Eventually there will be no idiots left to buy. Guess we're not there yet!

      • 1 Reply to salhem1
      • salhem, I agree that its overvalued, and at some point has to turn down, but just remember that next quarter RFIL reports, which ended on 10/31 (which is also RFIL's fiscal year ending quarter) has been historically their strongest quarter each year.

        last year, the 10/31/12 quarter revenues exceeded the 7/31/12 by 44%, and the 10/31/11 quarter revenues exceeded the 7/31/11 revenues by 21%. So next quarter could still be strong, even with the negatives (like it will be taxed at a higher rate than the past two quarters).

        Nevertheless, its overvalued, but we'll see how high this thing can go. What a move its made so far.

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