ScottUrquhart
Long

Buy PFIE and wait for shorts to cover

NASDAQ:PFIE   PROFIRE ENERGY INC
30 0 0
PFIE had 3.4m (6.5%) shares shorted as of Dec             31. Insiders control 60% of the outstanding shares and are unlikely to help the shorts cover.
Sept 30, 2014 - Cash $18m, no debt, Net Income $2m, so the company is very unlikely to go to zero. The shorts will need to cover as the stock appears to be putting in a floor.
PFIE is an oil             services company which has sold off with the sector. In the summer of '14 they raised $16m at $4, and with no debt, they are well positioned to weather the storm.
Buy at $2.52 for a trade to resistance at $3.20 and re-evaluate at that time.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out