RCON earnings were NOT impressive! SELL!!! Why?
Because they used the % increase trick to make it sound way better than it was. The % trick is brilliant.
You see, If I have a company and have a $1.00 profit one year and then have a $2.00 profit the next year, I can say in the headline that my profit was up **100%** year over year. ($1.00 $2.00). So, some investors focus on the 100% figure but ignore the fact that the profit was only $2.00!
So, "read" or "re-read" the RCON earnings report from this past week. The "dollar figures" are not impressive at all, if you don't get caught up in the % hype game.
RCON will come back down to $1.00 in my opinion. Good luck to all.
Sentiment: Strong Sell