Earnings announced was not suprised lower vs. prior quarter;
High volume vs average
Been many months RLOG traded under 5;
Now wondering if the bounce will stay over 5; head to 6-7 range with next 2 quarters rosier.
The positive: like the bounce; didn't get 4.80 but 5.09.
Looks like it will slowly trend lower until better numbers are turned in. Management discussion was optimistic, but, when I read the press release for an earnings announcement and only see tables/discussion for the full year numbers without any mention of the quarterly, or a clear indication of what the per share loss (EPS) was, I know that they are purposely hiding it.
I'm not buying back here. In the mean time, Knott continues selling shares hand over fist. When I see Levy and other officers pull cash out of their pockets to buy more shares, then I'll begin to think about it again.
Next earnings press release will probably determine the direction for RLOG.
Buy below 5 wise move if stock bounce;
Last time RLOG hit 4.80 after earnings lower than expected, but buyers came in.
One tough microcap to buy to make a profit.
Need positive news for higher stock price;
Otherwise, swing trade only way to win buy low, sell high.