Thinking about taking a plunge in RSTN. In fact, even considering using some margin to buy a whole lot of shares. Should I enter now or wait till it retraces to $5.50-$6? What are the prospects of this going under $5? TIA
No one knows what will happen tomorrow, but if you buy here the odds say you may be buying a short term top. Better to wait for a pullback of some kind to get in. However, if you are willing to take some small losses, you can try to enter over todays high, or over yesterdays high, and keep a 30 cent trail stop to prevent yourself from buying a reversal.