Now its $5.08. Short it again. This is working out real good for some of us.
There is risk to this stock, as they may not be able to keep it going quite as well as this past quarter, but 4th qtr sgould be very good also, based on backlog, and other comments made by managment.
This stock has the potential to keep going to double digits very soon. Down side risk is pretty minimal. Cash represents $2 of the $5 stock value, and the other $3 of value equates to 2 times annual earnings, if they can continue on the 3rd quarter earnings level.
But our shorty friend must know all of this........ I suppose. If this is news to you, shorty, maybe you get out and take your loss before you get wiped out.
Why would it drop that much? They just reported a huge profit on an eye-popping 100%+ revenue increase. PLUS they've got over $2 in cash on the balance sheet. If I were you, I'd cover my short quickly around $4. There are plenty of expensive stocks to short, but this def isn't one of them!