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Recon Technology, Ltd. (RCON) Message Board

  • superkeeneye superkeeneye Nov 18, 2012 6:09 PM Flag

    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

1.67-0.03(-1.76%)Feb 27 3:59 PMEST

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