Post by
88guy88 on Jul 24, 2015 10:59am
Technicals
In my opinion its just checking back on technicals and general market negativity the last week or so...it overshot the $5 but should move up from here...its also way below normal volume...RSI is 31.59 so its oversold and it shows bullish on the chart with target of $8.44...the dividend payment also drops the price...so its a combination of a number of factors including some weak hands....basically they had a good quarter and they have a growth strategy over the next few years with the vehicles new and used and as the CEO said the company got subscibers in competition with free radio....dividend is nice at over 8% and safe...there are also 7 fund managers that recommend and own the stock ...Bruce Tatters Bruce Campbell Colin Stewart Mike Newton Stepehn Takacsy Patrick Horan Paul Gardner......I am buying for where the stock will be a year or two out from here which will be higher than current price...good luck longs
Comment by
longdon on Jul 24, 2015 4:57pm
I agree. Hopefully, the weak hands got out today. Cheers.