Where are we heading? It looks like year 2000
I have seen two economic cycles, dot.com and subprime. Even though I am optimistic about US growth by middle or 2014 or end of 2014, Today RSOL stock jump 129% is very disturbing signal. Along with crazy recovery of real estate.
Here are the facts I gathered.
RSOL yesterday close:$1.75 , Today Close: $4.07, Simple jump of 129% and after market positive 1% jump.
See the results
Total revenue for the first quarter of 2013 decreased 8% to $16.8 million, as compared to $18.3 million in the same quarter last year.
Gross profit was $4.6 million or 27.4% of net revenue in the first quarter of 2013, compared to $6.4 million or 35.2% of net revenue in the same quarter last year.
Net loss for the first quarter of 2013 was $3.8 million or $(0.14) per share, compared to net loss of $1.9 million or $(0.07) per share in the same quarter last year.
This was the same scenario I had witnessed during dot.com
VA Linux Registers A 698% Price Pop
VA Linux Rockets 698%
This start of the craziness, but not the end.
Is there any missing point I have? Any real good news behind the 129% jump of RSOL.
Am I right or wrong?