Looking at the financials, they seem to post YOY gains,, so why the heck hasnt this risen since last year?
Instead it seems to be plumetting or at the least trading in a narrow 15-17 corridor?
Wouldnt you expect this thing to skyrocket with 61% yoy gains?
What am i missing, why isnt this rising?
I have traded this ticker around the edges since Jan.
That being said even as we speak I have open Puts but just dont want to be long the stock.
Dont mind the derivative, but would never own this. I think FLSR is better.
But hey for a ~20$ stock thats some terrific premium SCTY offers.
Do you even know what short covering is?
For your edification, typically when a stock BEATS and RISES and there is huge short interest , short covering occurs, sending the stock even higher NOT when a stock MISSES and is being bamboozled downward.
Why would a short need to cover when the stock is on a downward spiral anyways?!