Adult re-education is one of the new market darlings. Always dangerous. Names in this domain are ITT Educational (ticker: ESI), DeVry (ticker: DV) and Apollo Group (ticker: APOL).
Take ESI: this stock shot up 44% in two weeks time. Almost parabolic. Now, I am wondering what is driving the price? Earnings? I think some shorters of the sector are covering their bets. As soon as the action normalizes, lower prices will show up.
Take ESI: this stock shot up 44% in two weeks time. Almost parabolic. Now, I am wondering what is driving the price? Earnings? I think some shorters of the sector are covering their bets. As soon as the action normalizes, lower prices will show up.
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