SCTR - Seuss, you beat me to all the really great shorts lately, so I feel sheepish giving you advice.
I'm following virgil vancleave's lead on this, but I think he is right. It's overpriced, insiders are selling, earnings are delayed, the bulls on the threads are few (I know, those irrational longs are what are needed, but hey, can't have it all), and the stock price didn't pop all that much today given the beating it took yesterday and the news blurb that came out today (notice that no financial details were disclosed, sound familiar?). I'm looking for the low 20's, but if we get into a declining market, who knows? Not a cash machine like ZITL (if you find another ZITL, I'll pay you handsomely to tell me at the top!), or a scam like __________ (too many to list), just overpriced and headed lower. Not a lot of short interest yet.
virgil says the TA indicates it's headed lower (any TA experts want to confirm?). |
