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!
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.