Momentum traders have ahold of CYBE. These guys love to chase! They buy at the 52-week high and hope to sell higher. It's actually working in this bubbly market. So guess that's why lots of traders are doing it. It's like they will buy at any price. But I wouldn't be chasing a stock like that right before it reports earnings!
CYBE earnings should come in better than your estimate (altho I'd love for you to be right ha). They mentioned on the last CC about how expenses would be down $500K sequentially. I'm guessing we see around .20/share on $15M in revenue. It will be a favorable comp vs. last year of course. But the stock was $6 then. Now it's $26. So I certainly hope the numbers are a lot better than last year!
CYBE tanked to the $15's after the Q2 report showed a terrific quarter with earnings of .29/share on $18.6M in revenue...but weaker Q3 revenue guidance of $13M-$15M. Unless Q4 guidance is really strong, I don't see how the stock can go much higher. And if guidance is lackluster, stock will get hammered.
Cliffvb has a point about them announcing a large order with earnings next week. Maybe they will. And I'm sure they'll talk up CyberGage. But I think that might just help stop the bleeding. Momentum traders have chased this one from $16 to $26 in recent weeks on no positive developments from the company. I'd actually say the lack of a single order since May is a very negative development. But these momo guys love to chase. They were chasing STS in the $19's earlier this month, too.
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