Twenty six percent of the shares of RBCN are sold short. For a long time, there was a good reason to be short, as the price of Sapphire (Rubicon’s market) had continued to plummet. However, things are about to change around there parts and the sellers who made coin from the $9 to $8 range are going to the threatened very soon, in my humble estimation.
Grumbles regarding Sapphire being used for smartphone screens are making the rounds again, the ultimate solution to making your iPhone scratch proof. Don’t believe me. Take it from the analyst at Stern Agee who was saying RBCN was a sell from $35 all the way down.
He’s now bullish, citing capacity utilization expansion, looking for the stock to trade up to $12.
Previously, his price target was $7.
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GTAT along for the ride..UP 5.65% today…
Trend reversal in PM miners…. JMHO
Looks like a flag to me… thoughts?
Where’s the “I went 100% cash” crowd? Haven’t seen them lately.
If I am Samsung or Apple why on earth would I want a scratch-proof smartphone screen? My screen just needs to be a little better than the other guy’s.