Bullish
$RVLV shares closed +4% ysdy on volume heavy volume (37% above avg). The "short mafia" was once again really trying to hold the stock down and kill the rally ysdy....short sales as a % of total daily volume was 71.5% (High). Note 2 Conferences starting next week: Revolve will be presenting on 12/4 at Morgan Stanley Consumer & Retail Conf & on 12/12 at Barclays Global Technology, Media and Telecommunications Conf. MS rates the stock BUY with a $26 target price, implying more than 50% upside. If the short sellers were only 50% ysdy instead of 71.5%, I think shares would have gone A LOT HIGHER. This stock really seems to get manipulated by the "short mafia", it doesn't seem like there is very much REAL selling going on, it's something to note. I believe the avg analyst price target is ~$31.50, implying more than 80% upside...the most bearish analyst rates Revolve Hold with a $21 target price. I did speak with one analyst about it and she thinks they have a great model.