I couldn't agree more. This is not a stock retail shorters will make money on. It could easily jump over $50. The uncertainty for how to value this company's PPS adds to the danger for shorts. Anyone looking to make money shorting this stock regularly is a MOMO in my book.
From a technical indicator standpoint, nothing stays down forever, unless it's broken, and by your sentiment and mine, neither of us appear to think it is broken. This has been a case of dog pile on the rabbit. Sure, could it go down another 25 cents; yes. Just as easy, in fact, much more IMO it could go up a dollar with any whiff of something.
I don't mind the ups and downs, that's what makes the market go. What I can't stand; however, are all the phantom traders who always seem to time the market perfectly. Reporting thousands of shares bought long and/or shorted, which such impeccable timing. I think its oversold here and soon enough these jelly fish will start posting and bloviating. Well, at least the PPS will be going up.
Not that you're asking, but I'm not impressed with Zacks. However, I am and continue to be impressed with XON.
I appreciate your analysis, and I see some valid points within. However, I disagree, respectfully on one point. I agree with your statement about the models having built out 5 to 10 years. The difference with DXCM, which from what I've see is something of an exception, is that it continues to outperform rather than building up, becoming stilted and then missing horribly on its numbers. To the contrary, they've done exceptionally well and brought it to profitability without sacrificing other areas of their business model. Therefore, I believe it will continue to go up from here.
I've been in this stock since just after the IPO. Nothing wrong with taking profits; in fact many would do well to discipline themselves to taking profits. Personally, I think it's breaking out now, above $46 and if it goes over $50 in the next couple of days I will be looking to sell half my position, as I think it will come back to $45 to form its base. My 2 cents.
If you would have told me 2 years ago that the result of the first positive earnings release from this company would be met with a 5+ point sell off I would have said you're crazy. Especially given the only less than positive comment during the cc was that the first quarter is routinely slower due to customers purchasing more at the end of the year. To those who are taking profits, congratulations. Ready for the next ride up.
I was also thinking that the positive earnings was kept hush hush, even from the street, according to the conference call. Might be the MMs got caught off guard and are walking the price down to get in.