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Rite Aid Corporation Message Board

  • flashywildwest flashywildwest Mar 22, 2013 10:24 AM Flag

    CAN U REALLY BUY MORE HERE AT $1.90 WITH ONLY A $1.95 52 WEEK HIGH ????

    W/hout new----news , at this moment i just cant....

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    • 52-WK highs are simply, artificial emotional benchmarks. I agree there is no "new" news. But by virtue of the transparency of monthly sales numbers and the last PR, we already know the 2013 top line (ended Mar 2). It's really now a question of how EBITDA shapes up to offer any upside surprise on Apr 11 earnings call. I have seen companies regularly blow past 52-wk highs or analysts' consensus PPS. e.g., WAG targets were set at $46 just 10 days back and its already approached those levels. I'm following the Option bulls on RAD since they loaded up on Apr calls and will not make money unless the share price is $2.15 before Apr expiration.

      Sentiment: Strong Buy

 
RAD
7.00+0.03(+0.43%)Jul 29 4:00 PMEDT