Although it is true that RWC is in an up trend since March, the 200 DMA has not yet reached $2 and since October 21st the trend has been down until Tuesday's hype. I expect RWC to settle just below $3 next week.
"Disclosure: As TIMalert subscribers knew within seconds of my execution, I am short 15,000 shares RWC at $3.89 average price"
LOL, like I said... this may be tough to cover. Be sure to post your losses on your blog as a follow up.
I develop long term expectations. I don't earn my bread counting on short term fluctuations. You might cover, but you are fighting the headwinds of a stock that has been undervalued based off multiple factors favorable to shareholders and near term revenue growth. Looking at the chart, you have had your chances to get out of this terrible choice with minimal losses. I hope for your sake you did.
You cant legally short ANY stock under 5 dollars at any retail investment brokerage.. ameritrade,scotttrade,penson,fidelity,etrade, i can go on on on. This man gets paid by instiutional short sellers/market makers to write negative articles on stocks that are shorted by market makers and funds... naked
rwc doesnt need any help the stock 2 yrs ago was over 10.. 15x earnings puts the stock over 5....end of story
The details of the contract is definitetly missing some important info....but..let's state what we do know. Obviously RELM has to have a great reputation and product for them to be named one of the 1st companies to get the contract.
2nd..as far as no generating no revenue, are you on crack? not even you beleive that...nice try
3rd...For a 50 million dollar company, they have listed a few contracts since the original 750 million announced a few days ago. Obviously this company is heading in the right direction, and will go a lot higher once the hype is over.