This does not look good at all. Even though the market has recovered a lot from morning, RDN stock is getting close to the low of the day.What is left from a stock that is only $2.66 and still falling!!!! Just amazing how bad they want to suck the last drop of blood from something that is almost dead.
This is so frustrating to watch this stock go from 4.5 to 2.64 in 5 weeks. I really expected a healthy pullback to mid 3s maybe down to 3.25 or so but this is madness. What has changed that really calls for this kind of a drop. I know this is a paper drop but still hurts like hell. This stock is now so over sold that we should see a bounce up in the near future. I will hold because I believe in the recovery but this stock is not for weak hearted people.
Best of luck from Iceland.