Shorts use earnings to shake out and scare more week longs. They use the short-term scare (a day or two) before covering at lower prices buying back and going long as more longs pile on and LIWA experiances some major volatility finishing in its upper range for the two days or for the week.
Or, Liwa Kills earnings and it Gaps up and Runs.
Broad market up again today and liwa flat with not much action. Is it the calm before the storm?
What ever it is LIWA has been held back long enough other than that 70% run last breakout.
Let the run to the $20 price target continue soon enough.
Unfortunately these guys are not in it for the 1 to 2 day short game. They are in it for the long run and are praying on the weak volume LIWA has seen lately. I don't think earnings is going to do much just like the buy back. If you are a believer like me, you have to be willing to hold on to this until someone starts paying attention. i.e PE<4 and earnings > $2.50 a share... which will happen.
These are the days when i wish i had $400 mill so i could just buy the company.