this was not mean't as an invitation for shorts to bash rino's short commings but rather just to point out that maybe its time to trade sideways for awhile here, under the radar so to speak. gs is certainly not helping the market at all here, does not affect rino what so ever but we are lower because of it. rino has put in a new base at 19-22 so i feel we will go up from here. stock has been damaged and it may take a few good quarters to gain confidence back. they can start by running a better pr dept i feel. long and staying that way. jmho
With all due respect, all longs on the board are frustrated by the price action over the recent past. But, to be fair, the company issued its earnings release, which I suspect the company thought would be positive to the stock price, on April 2 and issued the correction/clarifications on April 5. That's only 10 days ago (8 trading days). I'd love to see a big new contract award or something else to make the stock go higher, but it's not as if they haven't spoken in months. (Of course, given the performance of the CFO on the call, we may be better off when they don't speak so much. :))
It's like the APT 6 month ago, no one was interested in the stock and the share price fall from 7 1/4 to 2 1/4, slowly and steadily. Beware of this happening to the RINO.
Lacking of interest means that the smart money left the playground, and no game will be played here.
APT fell because:
a) APT Growth was due to sales of masks fueled by H1N1 scare. H1N1 scare has gone away and mask sales forecasted to drop to pre-H1N1 levels.
b) APT lost it's major distributor.
Wow... APT... I bot that shortly before earnings but after it didn't bounce and sank after earnings, I sold off and haven't looked back.
Now, if RINO does the same thing, that will be scary. Better make sure I have my stop loss in place then!