Short selling on this one would be very very risky and stupid IMO. This one is just coming on the purchasing docket of several institutional investors and the company continue to grow the bottom line at a very healthy percentage. Any short selling in this would be short lived and crushed by the institutional investors looking for a better entry point or those seeking to add to their position here.
Simple illustration: When a rocket takes off from the pad, that's not the time to jump on and slow it down. If the rocket has a meager amount of fuel, ok, maybe and it might even be a good move. But you don't jump on the rocket and try to hold it down when you have it socked full of fuel and it's already lifted of the pad.
Short sellers would be wise to wait for a price somewhere around $20 at present value. That's when I think the fuel starts running out.
Simple illustration: When a rocket takes off from the pad, that's not the time to jump on and slow it down. If the rocket has a meager amount of fuel, ok, maybe and it might even be a good move. But you don't jump on the rocket and try to hold it down when you have it socked full of fuel and it's already lifted of the pad.
Short sellers would be wise to wait for a price somewhere around $20 at present value. That's when I think the fuel starts running out.
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