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Red Hat, Inc. (RHAT) Message Board

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  • mardermj mardermj Jul 15, 2004 10:56 AM Flag

    have you idiots started covering yet?

    Any facts besides humble opinions that point to skidding more in a couple weeks? Volume downside is drying up and the stock is stabilizing in the mid 15's.

    All the piling on from the knee jerk lawsuits and option expiration this weekend will blow over by next week, and the company will restate iaw the RECOMMENDED manner within the next six to eight weeks.

    Yes the market is skittish what with I rates and our wonderful bomb the camel jockey administration, but this stock is immune to that horse hockey at these low levels.

    Say we lose a penny in each reporting period. That's not a rational reason to trash the stock 5-6 bucks and reality will overtake the bad news bears in the next couple weeks.

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    • I could give you a long list of companies that are now bankrupt, trading in single digits, have an "e" slapped to the end of them, are about to be delisted, are delisted, or in the process of reorganization.

      Volume is drying up period and stabalization will happen sooner or later as most stocks don't go up or down in a straight line.

      There is no trashing on my part, just playing the stock the best way I think to play it(and I typically play only stocks with accounting issues because of the swings in share price) and try to make a couple bucks in the process.

      Anyone saying strong buy or strong sell at this point is fool. Do what you think is best, but at this point this stock could drop to 10 just as easy as it can go to 20. Therefore, buy calls if short, buy puts if long, never get caught naked.