Sales announcement in 3 weeks. Earnings in little over a month.
Should be a major downward catalyst for the stock....because it's going to show that there has been little ot no improvement in the fundamentals. And, if they don't guide for MATERIAL improvement in the Xmas quarter (which they won't, because they don't KNOW what's going to happen), this thing is going to retrace to $10-11.
Well, from where I sit, the mutual fund is in no position to do anything about a failure by Tuesday if greater sales and efficient buying don't come to pass. They obviously have a high degree of trust in the new CEO, although there doesn't seem to be any guidance to back up their trust in him. The rise in the price over the last week supports your case for now, but what other than improved management and a major supporter says their performance will justify a higher price in the short (3-4 months) run?