Well said,
I wish I have done the same now it looks as a long term hold.
I still think It's going higher after it finds it's base.
Got a good brand it's selling faster than they can make it
and it's only a matter of time 'till they get enough $$$ to have more capacity to produce more. They can't keep up with Demand,New retail stores, Target over 1500 stores, Kmart, Best Buy and Another NO named retail Store... per CC. And the Most important thing is they are Making Profit, although, a little conservative on future guidance, but will get better as they get their financing part in order. And Those Shorts have to Cover one of those days which can only be a Plus for Longs, can only have so many weak hands. So for the time being if it holds $8.00 as a support, and perhaps in 2Wk to one month we might get back up in the 9s. I'm still surprised how huge the stock dropped in relation to the outstanding earnings facts...
Like you said "Buy the rumor, Sell the news"
Ps. might get some calls if it gets @ or bellow 7.5 then it might fill up the gap in $$$ or more on the upside so you present loss is reduced by at least by 50% or even turn positive before $9.5 provided that it will go back up.....Just have to wait and see before I put more money in it, Not yet a lost cause...Just a little setback
TT |
