Isn't Cramer Wonderful? Pumped this up for his short buddies
Way way overpriced, and Cramer kept pumping. He's not a #$%$ - he's just leads lambs to slaughter via his buddies who were ready to short the #$%$ out of this thing. Not a bad stock/company, just insanely overpriced at $70......
Just another small cap stock being manipulated prior to earnings. They want to get it lower for a bigger earnings pop. The CEO appearance on CNBC last week told me all I need to know. You could see it on his glowing face, the news will be good.
If yesterday's price action wasn't enough to tell you stock is being manipulated, nothing will. Stock rallied hard with the market dropping. Now today, market is strong and the stock sells off hard.
It's pulling further back into the gap, possibly to give those who were short their last chance to cover before the big earnings run up. If this thing pulled back to $58 level, it would be at "market perform" level, since the day before earnings. That would be a huge BUY.
If we still had the uptick rule, they wouldn't be able to pull this carp, but SEC doesn't care about the small retail investor.....very bad for the country, just like FDA, which just protects corporate profits, not the consumer.
"The CEO appearance on CNBC last week told me all I need to know."
Quarter before last was the first time I sensed Irwin's genuine enthusiasm and he/HAIN haven't disappointed. Irwin is on Mad Money just about every Q, but unlike the past two Qs, he wasn't as upbeat.