How about the bs from nvls this week. They lower their revenue targets but throw in the old adage of order growth and boom, the stock is up 15% in a week. Funny how 10% order growth never materializes into 10% revenue growth, but it doesn't matter because the ceo's know that the stocks trade off the orders spin, and they use it to the hilt
Personally I'm glad I got out at 21.75 and haven't gone near it. If it hits 27+ I will look to short it again. I thought about it at 23 and am glad I avoided it. I check that board very infrequently as I don't want to get caught up in the diatribe going on. That dope fuzzy is convinced I'm Barb, want a dolt.
The projections of sales increasing 10%, sales not revenues, does not justify these multiples, and I will hold short here for the intermediate future, looking out for the next 4 months.
Markets are irrational right now. Metals don't move that far up along with stocks hitting 4 year highs and rising interest rates/energy costs. Sooner or later reality will set in. The negative savings rate will also catch up to the consumer and it will get ugly. Discretionary income will dry up, along with the gadget purchases, which will trickle down the food chain.