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Post# of 113355
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hweb2

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Re: researcher59 post# 113110

Friday, 05/17/2024 10:59:02 AM

Friday, May 17, 2024 10:59:02 AM

Post# of 113355
IPW hit $2.35?!? Not sure why the 50%+ spike today on no news. Guess ya never know when the momo crazies are gonna show up!

I wasn't sure how sustainable the adjusted .05 would be. Sounded like gross margins were unusually high in the quarter. But they also talked about launching on Temu in April and more potential cost cuts. So it seemed like they should earn a few pennies per quarter going forward. My main concern was that the stock was trading in the .50's last week. I guess that's why there were a ton of shares available in the low $1's after the favorable earnings report. Wish I'd loaded the boat. Always easy in hindsight.
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