The day is early... my gut tells me we will end the day around within the 2.55 - 2.60 range. With dips along the way, the next few days will see a recovery imho. Whether I'm right or wrong, just remember the one thing that is in our favor: "manipulation happens in both directions", so the share price will go up again - count on it.
All above imho and nothing more.
In this crazy manipulated market, 2 to 3 weeks from today, we may be in 3's again. That's just how it is.
Currently I am down ~17% on my RDN position, but have had worse drops on other investment positions these last two years. Simple as this: high risk - high return. I made $20k last year on RDN. This year??? time will tell, but I still feel this year will end strong for RDN - in a good way. I believe US will see light, but believable traction in housing recovery in 2012 and will not be surprised to see RDN hit $6 this year.
What doesn't kill you makes you stronger. I believe if RDN makes it through this housing crisis the share price in the next 3 years will eventually see the $20 range.
Bet Long, It's always the best bet and be ready for drops that will make you rethink everything. Without this level of commitment, you'll always lose by trading day to day - on emotion.
Exactly....recent ER eliminated some more cloud of uncertainty regarding the stock. Now is the time to add to your position! could it hit 1.88 again...Yes...anythign is possible but that is why one should limit their postion size within their portfolio.
What scares the most is that market has not even started to correct and this stock is acting like it is headed for BK . What would happen when Dow that is almost at all time high goes down a few hundred points then God knows what this garbage will do. The worst stock on the planet.