Any idea why this is moving so well besides an up market in general? The earnings call was "ok" but damnnnnn this is strange. I can't remember the last time it was above $5....oh yes I can I bought a schitload at $11
because it fell too hard. people were convinced, many on this board, that the company would miss Q2, would miss the loan refunding, would lose market share, etc. . .
now that they recognize sales are growing in a bad economy. they say, hmmmm. . . . a company with $400 M in sales is worth at least $400 M - $800 M market cap. . . . that's gonna support this stock up to the $10 area. . . . then, if they can actually start to make $0.80 - $1.00 a year. . . . . well that's how we get up to $20 again. That's next year's story. . and the company still has something to prove to get there.
But the stock is just too cheap at these levels. . . . even after big rallies. That's why new buyers appear.