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Rite Aid Corporation Message Board

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  • RickM352 RickM352 May 23, 2008 9:31 AM Flag


    LOL....everyone's partially right, kid. Day traders, especially (trend traders), always take advantage of market knee-jerk reaction. Any slightly negative news will cause reaction, but.......the stock always rebounds. RAD has had, hey that rhymes, in the past, news that's caused the sp to drop, and.....it rebounds. Rad is no different than any other of the thousands of stocks out there. Traders short the ____ out of a stock when news pops up, then they cover, knowing the rebound's ahead. Some bashettes like to try and frighten the weak ones out by claiming the rebound's only a dead-cat-bounce. Watch the stock recover. With the shape the economy's in, everyone's got the jitters. And it's true, converts doesn't indicate the company's tossing the towel in. Just check SBAC back in 2002 when it was @ 2.00, today it's trading at 35.00+. Converts.....shmomverts, relax. Take care all.

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