I hope you didn't buy anything since I advised you. See my post below. Didn't I say it would go down to $10.50 which it did today. It's going down at least another $0.25 by the beginning of next week
Not sure about "safe" but I bought it at 11.30 purely as a day trade. 15% is a very large drop and there is a good chance that some short covering will give it a modest bounce from here to the 11.60 level.
NOT YET...They might be downgrading them by early morning [6:30-7AM].
So hold your horses. They are thousands of stocks to buy other than this. My formula shows it's going to $11-10.50 within a week. The gas prices is a big factor. even if people have the money to eat out once a month they might want to spare it for gas or another restaurant that doesn't require tips. Be smart. Let your kids be proud of your investments.
Things will get worse for the economy. Don't forget just a few short days ago WallMart's CEO mentioning big price hikes coming very soon. RT and other consumer oriented companies have much bigger problems ahead than just the weather. Don't forget, the FED is printing money for it's Quantitative Easing program, artifically driving up stock prices as the banks take that money and carpet bomb the market with it. Sure, the bigwig investors and banks make out with wild appreciations in stock values but the flip side is everything gets much more expensive with so much more money chasing the same amount of goods. We are witnessing the pricing out of mainstreet and the American consumer from the life we have grown so accustomed to. One could argue to buy every dip for now, to get the full effects of the money carpet bombing from the FED, but soon, very soon, companies like RT will run out of healthy customers and then the jig is up.