DMND is oversold technically speaking. Will it ever see the 30's+? barring a buyout, probably will not for the forseeable future. However, I'm looking for a short term bounce to 15-17's. There is a gap to fill up to 18.
The short interest is almost half the float.
Do recall that Kettle was bought for $615M just a couple yrs ago. Pop Secret was bought for $200M just 4 years ago. Right now, the total market cap is $288M. The numbers just signify overdone. Yes, past values don't justify future values, but just to put things in perspective.
of course IMO.
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------------------------ Do not listen to any of my stock picks/calls because they are meant for myself only and no one else. follow at your own risk. I never claim to be better than the next person. Just love to trade =)
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