Well Carl I think there is one important thing to gain from this past week that should be added to the list of all the others. In most cases you have definitive analyst coverage and deep pocket buying that can easily take a report that many feel is negative and do the complete opposite of. We see that all the time. Company puts out what many feel are disappointing results but the guidance is good and deep pockets run the stock. We also see companys report record results and the stock goes down miserably because of the guidance or maybe margins were shrinking or perhaps the analyst expectations were so lofty and it had run so far up that it created a "buy the rumor, sell the news" scenario.
In every case though you have deep pocket positions acting against the stock. Many times it is contrary to what "the public" thinks should happen.
That did not happen here. In the absence of any analyst coverage this small start up did the unthinkable. They posted record revenues, 875% growth over last year, 20% growth over last quarter, soaring margin growth, elimination of all debt, a "clean" balance sheet, largest cash position to date, nationwide expansion of Newmans, worldwide expansion of Trump Vodka, and renewed distributor acceptance of Damiana and Willie Nelson.
$2 stocks just don't do this. Some have shown signs but not all at once like this. It was only just a few people in the absence of analyst coverage that were able to dictate the very short term direction of the stock. In other words after all this the company pulled off they expected more. When they didn't get instant gratification and instant huge rewards, they dumped. As soon as enough people realize that all the growing pains of being a small start up are behind them now and they are positioned to enjoy the majority of their earnings growth and worldwide acceptance going forward then you'll see this stock put the run on like never before. Right now this company is averaging more than a 500% growth rate and yet the stock is only up 89 cents above its recent high before it began to show everybody its growth potential. People found it then and knew what it was capable of. Many of them are gone. A whole new host of people are coming in now that know exactly what the stock is capable of and will stay around long enough to see it realized.
Remember one thing. Still no insider has sold a share. Not a single share since Trump Vodka was introduced and more than a 400% rise in the stock price from the break out to the highs. That speaks so much more loudly than a couple of guys asserting their opinion. In this business the company opinion speaks the loudest. Always has. Always will.
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