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Clearfield, Inc. Message Board

  • prd255 prd255 Aug 19, 2013 11:23 AM Flag

    Short interest

    Seems large. Perhaps why stock goes up in first 30 mins then tanks every day

    Sentiment: Sell

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    • not sure what you are talking about - it's the smallest compared to its peers and competitors????

      • 1 Reply to ffllyer1
      • Depends on how much you narrow the list of 'peers and competitors.' The share price has not been fluctuating in relation to the performance of the company. It has been pretty volatile and seems like people are just daytrading it right now. It goes up a bit in the morning, then tanks, then gets bought back to some extent in the afternoon. Can be explained by shorting the stock and then buying to cover. Volume has lowered after the last earnings report, which in my opinion was good but apparently not good enough for all the people who decided to sell it at $14. Actually, I don't think it's a $14 stock right now, but it has been trending down for over a month while the company's revenue and sales grow and while it has no debt. I should have sold at 12.40 a little over a week ago and got back in lower but made the mistake of holding. In the long term, I think share price will increase but for the short term speculators will continue to control price fluctuations. If the next earnings report is good, share price will bounce back.

12.59-0.39(-3.00%)Dec 19 4:00 PMEST

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