Wedge of Death or Life? #TBLT
So, to open, I don't get how a brand that sells its products on Ebay, Amazon, Walmart, HomeDepot, etc. etc. etc. has such a low cap and PPS. Seems odd. That would make me think: A) Mismanagement B) Crappy financial books. On June 14th the CFO stepped down. Change coming? Will the stock reflect? Time to see....
Regardless of these hypothetical outcomes, the reward could be great. I am optimistic but generally reasonable. I can see a long here. At a minimum a nice breakout to the $1 area. Could double or triple the current PPS. Looking back, January was only 7 months ago and sold for about $3.70 . I would note the MASSIVE increase in volume in July. Compare it to the spike 7 months ago.
That would be a massive short term increase, but it's not out of the question if they report good financials into the final quarter. I did not do any work on the short term trends so I don't have any entry/exit data. Good luck!
Regardless of these hypothetical outcomes, the reward could be great. I am optimistic but generally reasonable. I can see a long here. At a minimum a nice breakout to the $1 area. Could double or triple the current PPS. Looking back, January was only 7 months ago and sold for about $3.70 . I would note the MASSIVE increase in volume in July. Compare it to the spike 7 months ago.
That would be a massive short term increase, but it's not out of the question if they report good financials into the final quarter. I did not do any work on the short term trends so I don't have any entry/exit data. Good luck!
Kommentera:
Right at the tip of the wedge. Crazy.