Only one or two analyst seem to follow this small company - and next years earnings are for a minus .73+/-. I like the CEO and the product. But the stock will not have earnings for a while and their stock price has performed so well that a couple competitors may go public - e.g. http://www.comps.com and maybe loopnet.com. The float with RIGX is only 2.5 mil shares, and some REMFs (http://www.remfs.com) and pension funds and others don't have to buy many shares to influence price. But RIGX is a little high priced to me right now.
High priced??? At today's high (22 1/2), It's only up 150% since mid December! And it doesn't even have a .com on it!! A big run-up prior to earnings. If they come in worse than the -.19 estimate (or maybe even if they do hit it), RIGX could drop like an anvil. If you're not taking some off the table from this incredible run, you're crazy! Think about this, this morning someone sold a 10,000 share block at 20, while this afternoon's 2 1/2 point spike was on 100 share buys! Which one was the smart money? I'm short RIGX.