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Rite Aid Corporation Message Board

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  • b_zerkley b_zerkley Jul 12, 1999 4:51 PM Flag

    Is this the end?

    We just don't know it. Someone huge gave up here today. Time to get a seat in the lifeboat. Thank GOD I didn't jump in here at $26. Good luck anyway longs, looks like you'll need it.

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    • But, in typical fashion, there appear to only
      have been retail investors that bailed at 22 1/2. The
      activity had the earmarkings of a large holder bailing.
      Early indication to the MMs was of buying interest
      which nudged the price up 1/4 and then the selling
      began with very large blocks (<25,000) at a pop. So,
      what's changed about the company in the last week or
      two. I don't know but I'm looking. Neither long nor
      short...

    • even though they gave it up here, the worst may be coming to a close. Further downside risk appears limited to around $23, based on analysis at www.blockdesk.com.

      • 1 Reply to OlFred
      • Sold out of RAD for a breakeven. Spent some time
        wandering through my local Rite Aid store. Place was a
        mess, lack of inventory = missed sales, empty shelves
        leaves the consumer with a "closing sale" feel. Out of
        this stock. Don't think Rite Aid will be able to PCS
        deal Medco and Express Scripts are winning the big
        contracts.
        I really though that getting in at 22.75
        after the crunch was a steal ... I guess that would
        have been right if I had shorted ... see you in the
        teens.

        Empire

 
RAD
6.56-0.13(-1.94%)Jul 29 4:01 PMEDT

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