I like Rakon but noted in their first half result that the bosses were careful to manage expectations about full year prospects. Here's hoping the market isn't getting ahead of itself on this one. My reading of the half year statement was they were saying `yes it's going well so far, but let's not assume one half year will translate into good full year profits".
Yes, and 370 is shaping up as a fairly solid resistance level.
I see in their november 1/2 report that they made 5.6M, and reckoned that they were "well placed to meet a full year EBIT forecast of 14.8M.
I'm a-watching.
After 5 weeks butting up against 370, today's jump seems a fairly significant breakout.
While it's only 4.3%, it certainly comes out of nowhere, which smells a bit ratty to me.
I suspect that 'someone' does know 'something' and is acting upon it while scamper snuffles round in the dark.
but at least my conscience is clear.
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