DFIB has dropped more than 25% since it updated its next Q earning. I thing way oversold and after all I do not see that much negativity in their update. First, revenue will be 12% above last year. Second, revenue of $15.8 MM is the best except for the last December Q in past several quarters. Now if CSI reports less expenses for SG and cost of goods sold then this will be a very promising quarter.
I recently bought DFIB. I see a lot of overreaction to some not bad news. My skill is in this kind of stocks. I buy stocks that have dropped more than 20% by warning or other news that is minor. Some news is insignificant like DFIB case. I wait for 2 weeks and then I see that the same stock regain at least half of its loss. Some stocks regain in few days. MXO warned and dropped 2.5 points and next day gained it all. LOOK dropped to $1.20 and went back up above $2 in few weeks. ACTU dropped to $2.67 and went up to $3.50. Same for SVNT, TRIB and many other stocks. It's time for DFIB to do the same for me. Thanks and happy trading.