I sold my shares about 2 weeks ago, and went short via puts, both too early, but added puts middle of the week which are doing nicely. I felt it went to far too fast as well. But now that I read they had a GAAP loss this quarter and not a GAAP profit (it was a non-GAAP profit reported which is what most people read the first time around!), I may get even bolder with the puts here. I guess I need to pull up the DEC 3 SEC document itself and read it to see what the GAAP versus non-GAAP huge difference is all about. As I recall it had earnings report issues that dropped the price 50% earlier this year as well. Will this be a repeat performance?
I also don't see them reporting the increased year over year expected revenues for next year that I expected to see based on this years PRs of new projects? I thought next year was likely to double or triple, but what I just read is a pittance compared to what the PRs sounded like. Long story short, I think this stock is way over priced here. There is also a nagging question in my mind of expansion costs, and sources of those expansion revenues?
Once again, not advise, just my personal opinion.
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