All the weak hands have been shaken out. Low volume driving spike in PPS. Shorts better hope some big news doesn't pop or they will be in for a lot of pain. Like maybe a reserve release or Countrywide settlement, perhaps?
Why shorts don't give up on RDN, makes no sense to me. Plenty of other targets out there. But in an improving sector where RDN is now #1 and kicking butt? They've got ego problems. There's no other explanation.
Sentiment: Strong Buy
On 17 June 2013, with stock price at $13.20, djdumdum said, “Why shorts don’t give up on RDN makes no sense to me…They’ve got ego problems. There’s no other explanation.”
Today, on 24 June 2013, we closed at $11.
Djdumdum, your ego is exceeded in size only by your mouth. Silence your foolish tongue plebe. Here is your explanation for why shorts didn’t give up on RDN. MONEY, of which you now have less than you did two weeks ago. Look at your balance and be reminded of your ignorance and perhaps you’ll spend more time studying than speaking, and for that we will all be deeply appreciative. You bought at $3, rode it up to $14 and then down to $11. Could you please indulge me and quantify your stupidity in dollars? Danke Herr #$%$
djdumdum...can you hear me now? gooooood. Covered my 13.20's for a tidy profit this morning. Thanks for the use of your long shares...you do know that's how I sell short, right? You're aware that I use YOUR long shares to sell short and buy to cover with someone else's money and keep the difference, right?
Your strategy is very good...buy at $3, hold to $14 and then ride it back down. GENIUS!
I am very curious how price keeps going down if you are indeed correct that there, "Aren't many sellers left."
Good for you. Taking advantage of a volatile stock's price swings is one way to make money. I am in it for the long haul. Soros and Paulson bought in long after me. I'll stick with those guys. Nothing changed for RDN. Housing numbers came out great for May. This will be a huge quarter for RDN. Another market over-reaction on the good news reality is the economy is actually headed in the right direction.
If you were really smart and had really big bells, then you would buy on this dip. But you won't.
Sentiment: Strong Buy
Wishful thinking djdumdum. 13.20 rejected twice early, then 13:15-13.17 rejected four times today by 2pm, sees 12.75 by 3:30, then dip buyers rushed in to buy it up to 12.92. Who has the ego problem, the fella reading the charts, or the fool tossing around baseless speculation about reserves and settlements? Eat a dee ick up till ya hiccup son. Ask creeperspam3 when the MASSIVE SHORT SQUEEZE is going to start. Hardee har har har! Fool