|From: EPR53167 (Rep: 1269)||Date: 06/25/2019 11:10|
|Forum: Wall Street Pit - Msg #2791657 - List RUHN msgs ||Thread #674088157 (Rec: 0) |
|So let’s see - stock goes from $3.24 to $4.55 last week on a surprisingly impressive earnings report. Then, amidst an investment into an e-commerce company that will deepen their footprint in the KOL e/commerce market, it slips all the way back and then some, nearing the year-low currently. All this after a syndicate pricing of $12.50/share in april, and all without a peep from UBS and/or CITI, the lead u’writers, who, according to the email I received from IR, are “busy preparing their reports”. Obviously things are amiss at the moment but I can’t help but think - esp. after the significant bounce on the earnings release - that this is a potential upside explosion just waiting to happen...and may just need a trigger event to get it going. Hard to say when or what that may be, but I’ve been buying all the way down from $7’s and am not throwing in the towel now. Longer $3.12.|
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