I was on bid most of day and wound up taking stock late in afternoon. WEDB was on offer for quite awhile. FAHN was also there. With the show in Germany starting this weekend, and the New York toy show next week, and new buyers, I would not worry too much about the offering side of the equation. Some of the short selling was due to unfounded rumors, which are history.
The quarter is approaching, and a number of people have done their own due dilligence and have come away with feeling that RADAF will command a market mutltiple, 20x, sometimes in fiscal 1998. We all have our own earnings estimates, I am using $2-$2.25, so there appears to be more room on upside.
I am not a technician, and I read all of the techincal info,but I wouldn't be able to read a chart if it bit me in the ass. I do know what makes stocks go up, and it seems we have all of the ingredients.
IMO, with this market acting the way it is, it is going to be very tough for short sellers to justify any of their holdings, unless they have a compelling fundamental short story. I also think there are only 325 more shopping days left until XMAS. I love toys,Santa. |
