germac

3 year drop finally over?

NYSE:RUBI   RUBICON PROJECT
RUBI has dropped from $20 in 2015 to $1.50 recently, but it looks like a reversal may be underway. You can see what's either a H & S bottom and/or a symmetrical triangle with a credible breakout on large volume . The financials have been poor over the last 5 years, 2017 free cash flow was negative 10.9M which I guess is a result of acquiring N Toggle in July for 38M. There's an "unusual expense" of 100M on the income statement, I don't know where all that money went, and net loss of 154M. But the balance sheet shows assets of 383M and equity of 164M, so they're hardly ready to fold, right? With those big losses it's not a company to 'invest' in, I guess, but with healthy assets and equity and the breakout from the H & S could it be a good speculative opportunity without too much risk?
Comment: I think the breakout price was 1.78 and we're back there now, so it's looking like the breakout from the head and shoulders was a false. Did anybody out there look at the last financial report from this company? I'd like to find some people who are looking for speculative opportunities... I'm using the trend/technical approach to look for stocks that may have a likely or confirmed price move and I'm trying to learn about fundamental analysis for info about the company of interest. Anybody else doing something similar? Want to collaborate?
Comment: Maybe I called it as a false too soon! After the pullback to the neckline we've had 6 days in a row of upwards movement, so have we got a trend that will continue?
Looks like a pretty good call right now. Is it still a long play?
Reply
germac DataHound
@DataHound, your guess is as good as mine! The Head & Shoulders was the signal to be alert and it played out exceedingly well, but at this point I don't see anything suggestive in the chart. My next step if I was very interested in the company would be a look at the financial statements for the last 5 years and the last 5 quarters at marketwatch.com, but I'm going to look for another target with the screener at finviz.
I think that CVSI stock has been having an excellent run for the last few months, and the company has had a very profitable year. The last two days the price has taken a substantial dip so I'm going to watch how far it falls and then bet on another rise. It's always a gamble!
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