it was friday though, no big deal I dont think. Chart is still very much in tact and the fundamentals are as good as it gets. The action reminds me very much of how LBIX was acting in the 2 area ( for those that been with RTR for a while). Where you have what seems to be a never ending supply of sellers for no reason but stock still drifts up. Then all the sudden the big boys have accumulated what they want and the asks lift and the stock shoots up. CIBC has 10 target and they have been active on the stock in the past week. I am looking for another pr soon, hopefully a raise in already great guidance or another contract. Company is cooking as far as business is going, even the most bearish person can see that with a .70 or so trailing eps at the end of this year, this stock should be at least $9 and still have a mediocre p/e.
This stock has a history of jumping up and returning quickly. I think that shares from the 5 million added to the float are still being released. Ever since the run up to $8.50 2 quarters ago, the price has failed to hold gains. If this theory is correct, once the increased supply dries up, the price should start a steady increase. The fundamentals justify a price over $10.