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To: ItsAllCyclical who wrote (3582)8/1/2014 1:31:04 PM
From: robert b furman  Respond to of 8262
 
Looks like the beginning of the zag in a zig zag flat to me.

That was quite a blow off top up to 7.

Corrections take time.

But then earnings can change all that too.

Bob



To: ItsAllCyclical who wrote (3582)8/1/2014 1:57:51 PM
From: The Ox  Read Replies (2) | Respond to of 8262
 
I think it's wise to be cautious before ERII's earnings release. They beat by a wide margin last quarter and it has been my assumption that some of that was pulled in from the current Q.

I agree that the niche they are in should be a long term growth sector. How well they execute will be the key for a company this size. I hadn't looked at the short interest in a while and I agree that large short positions is often a very big red flag. The flipside will be another explosive move up if they can repeat with another large upside surprise in EPS and/or Revenue.