Another Pump And Dump Back To Reality
RADCOM Ltd. develops, manufactures, markets and supports network test and service monitoring solutions for communications service providers and equipment vendors. The Company specializes in cellular, as well as voice, data and video over Internet protocol (IP) networks. Its solutions are used in the development and installation of network equipment and in the maintenance of operational networks. Its products facilitate fault management, network service performance monitoring and analysis, troubleshooting and pre-mediation (the ability to collect network information for a third-party application). The Company’s solutions include Network Monitoring and Performers.
RDCM turned out to be very good short. Notice how the stock was not really doing anything for months. Following news caused the spike.
The share has risen over 400% from its low point in June. Part of the jump in price and trading volume may be attributable to an investment in the company by an institutional investor, although as of now Radcom has not notified the US Securities and Exchange Commission (SEC) of any such transaction.
So the news was nothing but unconfirmed rumor. Once the hype died down, and the volume faded, RDCM made for a good short. I was short @2.55 since Friday 23rd Oct and covered today at @2.25 for a nice 10% gain.