Whether your long or short: One cannot dismiss the fact ROYL reports positive earnings while other companies in the same peer group trade at higher multiples with negative earnings. The shorts also make a good argument about huge price spike, then drop. The only dilemma is when to execute. Short term price target: 8?, 9? 10?
ROYL to report earnings in the next couple weeks. ROYL's wells getting approval and output at all time high and another well to be near completion is it time to sell short or buy?
Blind mans bluff, pin the tail on the donkey, who will be the donkey?
Look,I don't like being in this wierd position of trading the stock long while having to caution traders why the stock is running the way it is.
But if you look at those old posts you'll see I'm just saying what I said then.It runs wild because of the extremely tight float.It takes very few buyers to drive this thing up.And when they disappear the stock drops off a table.
So if your holding at this level and it goes wild some more [I've said I believe it will - 9.47 - next Fib Target] take the magnificent profits you have in hand before this thing does the inevitable - goes down even faster than it went up.