It's easy pickings for a squeeze up to 600.00
Especially after the big earnings beat and targets being raised across the board.
short interest is ripe!
Agree, they will not sell any more stock unless there is a big move above 10.00
no need to dilute more shares than needed with it down here. 80 million in cash will get them way down the road before they will need to sell any more unless it runs up big on news coming up.
Todays downturn was bio tech centric as about every one was down.
seems light on VPCO projected sales
not bad write up but some of his facts are not exactly correct.
Agree earnings are non event as everyone knew they were going to suck, but we are already into
both facilities up and running on expanded production
5.7 to 5.8 would be nice
i bet they are thinking when they release results in a few weeks the stock jumps over 10 and then they will let some go which would mean less number of shares need to be sold.
chart is backing him up, once it breaks out above 550 its going to run 580 to 600 could easily be attained with background of strong earnings and sales. New initiatives taking hold and aggressive stock buyback that has already taken 1/2 the outstanding shares out of the market in 5 years…..at this rate the outstanding will hardly anything making it easy to take company private or another automotive store to take over.
Corn on the move too! All good for RNF to make move to mid 20's