I got faked out on the first retrace, held but trimmed on the second retrace, and will not get faked out on this one. I wish I had held on the first one, would've made a boat load of $$$. I was #$%$ because it was one of the few stocks that didn't pop when the fiscal cliff was resolved back in Jan. What a Motley Fool I was!
Hello all , very good to read your comments. Im a newbe to RAD. I made a few short term trades when it was below $2.00 Always bought 10 k shrs because every point up or down is a $100.00 move. I played 5 to 10ct moves for as little #$%$ 500.00 in a day trade to $1500.00 in a short term trade.
Yesterday I bought in for a long term hold. I sold 17 k of SIRI XM and from those proceeds bought 22500 shrs of RAD @ 2.50 to 2.49. That was in the AM buy mid afternoon I was ahead $1,125.00.
I was tempted to cash out but stuck to my plan to stick it out. Todays action has taken some of that paper profit away. Im staying in because despite the recent disappointing earnings report there will be a run up into the next monthly report. I believe that if the report is "encouraging" the stock will go up. If that happens it has the potential to gain and sustain momentum. Momentum may lead into "irrational exuberance" That is how I see RAD going to $3.50. or$5.00 by August/NOV 2013.
the seasonal summer sales and back to school should be helpful factors
wHAT ARE THE ODDS? IMO 55% Its a gamble or so called calculated risk. If I start to make some money with this position I will use a trailing 6% stop loss. GLTA-+ do your own DD