Savvy Trades and Investments

[researcher59]

DRCT is in a trading frenzy. The earnings report was the catalyst that set it off. It traded something like 7x the o/s on Friday and since a lot of long term holders probably did not sell, it means the day traders were typically holding it for just minutes to an hour. They'll continue to drive the stock both up and down in the coming days. They're concerned about where the stock will be trading in 6 minutes, not 6 months. Maybe it will spike up to $5+ or even $10+ ? Who knows. Then it will settle back down and fundamentals will become more important. Maybe the financials are legitimate, but maybe not. I don't know, but if it spikes up some more, then I'll be taking profits. It's just a tiny trading position for me because I don't consider it investment grade. I don't have the confidence in the company to take a big position. The earnings growth seems almost too good to be true.