Subject: Re: Short Squeeze!
I suppose I should be developing some 'too rich for my blood' sell targets...
That's an excellent point. It's difficult to justify even the current price given what
it will take for them to just break even this year. The coming quarter's results should
give us a much better idea how to model the business going forward.
I backed up the truck at $13 to add more to my position. The market expectation was way
too low at that point for a company with reasonably transparent financials and such
manageable fixed expenses. I'll be VERY reluctant to sell, even if it appears unreasonably
overvalued in the coming year. But that's just me, certainly not advice for anyone else.
Ears