Rainmaker Systems (RMKR) which has had a great run over the last 3 months was given a Neutral status from a buy at Sidoti. In Typical wall street analyst fashion, they had set a target of $10 in december (I mentioned this stock when it was at $6 in October and that it would be a $10.50 target) and now are basically saying get out as if the company is done.
Well it’s not done and I don’t think you need to panic here. If you did buy it when it was at $6, good job and you should take a little off the table. Rainmaker reports on February 12 and I plan on selling before then but not before I hit a double which could very likely happen if the volume continues.
In 2 weeks, I see this going to $12.00.
