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Red Hat, Inc. Message Board

  • spreadcents spreadcents Mar 29, 2012 7:28 PM Flag

    Someone with a brain

    Your first move on Friday morning according to CNBC

    "Guy Adami says if you followed him into Red Hat [RHT 61.43 10.04 (+19.54%) ], “now’s the time to pull the rip cord.”

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    • you almost have too; short covering took it up AFTER $55; continuing market is in questions/slow down is over all earnings...moved 15% in one day...new shorts will take positions no matter...decent down day has impact to downside...smart trading money will bail above 62 to 63...stock will move on market moves and buy back...but alot is already is considered in the price move today...this movement is now technical, not fundamental,,,technical trading will have bigger swings downward...

 
RHT
79.08Jul 31 4:02 PMEDT