They chose NOT to ride RAD to $7.
Are they right or wrong?
Market seems to think.......right, as RAD sees next gap fill support of $4.
If you want to follow Green Equity and cash out, do so. Everyone has their own greed and risk tolerance. They have 34 mil shares, and there investment strategy is much different than you nor I.
Don, I hope you can "ignore" your losses when reality sets in. That will be whenever the hedge funds go from long to short. Do you realize RAD revenues are essentially flat over the past 5 years? That's being kind as they are actually down about 2%. In the same period CVS and WAG are up more than 30% and 20% respectively. What do you think will drive RAD higher? Surely you realize margin expansion won't last much longer. Then what? RAD goes back to $2. They get that much for refinancing their debt, otherwise it would be $1. Yeah, I know, I'm on ignore too. You can ignore all the posters you choose to, but it will be difficult to ignore your dollars disappearing in a black hole.
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8/19/2013 3.43 SELL 775.77
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So, follow them - as lemmings always do. This kind of argument could have been made at every pullback from $1. What has fundamentally changed in the investment thesis for RAD? I suppose all the analysts who upgraded the stock and increased PPS targets recently are all dummies.
Sentiment: Strong Buy
old news, already came & went. this is a macro event, RAD had another big jump last week, a lot people bought into RAD after earnings report around $4.20-4.40, now with the run up to $5.30 and debt ceiling issues people are taking profits out of the market. if you can get out of an investment w a quick 15% gain why not? After the dust settles in Washington RAD will be back on its climb up.
Sentiment: Strong Buy