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Ruth's Hospitality Group Inc. Message Board

  • sjsrhs sjsrhs Sep 22, 2009 1:21 PM Flag

    You are not selling enough to get to my next

    level to buy. Give me all you have into the bear trap.

    PS market makers don't show my prices on the bid side but they are there.

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    • I get a kick of the thought that MM are out to get everyone and have this plan to push prices to ZERO. Not so but with a few good books under your belt, you would know different.

      Anyhow, here is what is going on so far. IBD (Investors Business Daily) Stock is an A-, lame sector for now BUT has a stock accumulation # of 2.46 as of last week. This means for every one share sold/traded, there is a buyer for 2.46 shares, aka under accumulation. Thats cool with me. Now with that said you have an improving business (gotta eat), caters to higher-end customers (rich people still are rich) and the chart, to me, finally broke out at 4.50, a sign of strength. I dont care who upgrades it, etc. My goal is another break at 4.75 then 5.00....from here who really knows. My target is 11.00 but subject to change....dont forget if it stalls or market takes a dump, keep protective stops.....goal is to make money, not be right...

      • 1 Reply to kjkenny45
      • I want more and waiting for it I don't chase it I leave that to the shorts.
        We are in a rotation correction till market breaks out again. This is a very healthy market all day New Highs rising and more advances then decliners. Don't be fooled by all the cash on the side lines telling you a decline is eminent. It will come when a lot of that money is sucked in. Till then 1-3 % corrections with the primary trend higher.

 
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