Here’s something we haven’t seen since the last bubble: TheStreet.com with a stock price over $12. A sign of steady growth and progress, rising subscription and ad revenues, and a dogged desire to mine one’s Hedgehog Concept?
Or proof that American business loves a showman? Jim Cramer seems determined to prove the latter. Take that, Jim Collins and your Level 5 Leadership?
But all kidding aside, some of the recent surge in revenue comes as a result of a savvy acquisition of a financial social networking site called Stockpickr.com. Of course! The stock discussion board mania ported over to 2.0 functionality! It makes a ton of sense.
Devil’s advocate position: you could easily take this strength as a contrarian indicator; technically, the chart shows an ominous double top.