We have about 10 days or so before earnings release. The ctock should continue its upward momentum until the earnings. I am hoping for a $7.50-$8.00 range just before earnings. Then, if earnings improved and forecast is consistent, we should rise over the next 2 months to $10.
Looks like a low volume rally. I wouldn't buy into it. One thing to keep in mind is that Lawler and his crew always disappoint while they keep taking outsized compensation and stock options. It's not too long ago that this company had almost $500 million in cash and cash equivalents. It's now down to $160M and what have they gotten for the shareholders with all the money they dissipated? They should all be fired. Remember this stock is $.72 w/o the 10 for 1 reverse split.