Talk about an insane market, this stock dropped –10% today. Every fundamental aspect of this company was great. They beat analysts expectations, revenue grew by 10% YoY (which is very rare in this recessionary environment) and forecasts for future earnings were also upgraded by the company.
I don’t think I will short this stock going into memorial day weekend but I am going to wait for the stock to reach between $18.50 to $19.00 before I start loading my positions.
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