... Many may take reward due to fear of Q3 - allow stock to stabilize then purchase more shares to come out ahead after Q3 release. Could be a "know when to fold them and know when to run" then when to play again game. The nearing of Q3 loss may cause a panic sell.
That game goes on here every quarter, and we also get those that refuse to face reality and buy days before the earnings release expecting an earnings surprise only to get head n the head with another staggering loss.
By getting out at 2.65. I am down 10,000 shares with RSH and see it as a life lesson.- hate to see it hapen to anyone else. Hind sight is 20/20. I am back in now and tempted to buy more. Just cant shrug Q3 and the impact of Q2. We all trade differently and at time base choices on greed. The smart movers get in at a low price and mistakes by many is getting in too high. Not sure RSH isa at a high since Q3 RELEASES will be here before we know it. Much happier being a long but made money as a short - even with the RSH move.