TALK IS CHEAP !
Who are you going to believe, a CEO who talks the talk or the MARKET ACTION with CASH that signals the DEAL is OFF.
"Just remember - for all of those selling you have people buying shares"
Just remember those trades are SELLS not BUYS !
In the Market terms a trade at the BID PRICE is a SELL and a trade at the ASK PRICE is a BUY. When you have more SELLS the PPS goes down and the huge volume CONFIRMS the down trend for RAD.
superbowl6wins • Feb 7, 2016 8:20 AM Remove
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9 bucks a Share, YOU WISH !
This stock isn't worth 7 bucks a share and as I always posted the vote would pass as a SURE THING. It's a gift and 97% know it but it will never happen mark my words.
Approximately 97% of the votes cast at today’s special meeting of stockholders voted in favor of the adoption of the Merger Agreement, which represented approximately 74% of Rite Aid’s total outstanding shares of common stock as of the Dec. 18, 2015 record date and constitutes a majority of the outstanding shares of Rite Aid common stock entitled to vote at the special meeting, as required to adopt the Merger Agreement under the General Corporation Law of the State of Delaware. A quorum of 74% of Rite Aid’s total outstanding shares of common stock as of the Dec. 18, 2015 record date voted at the special meeting.
Walgreen will wise up and NOBODY is going to outbid that 9 backs. If Walgreen backs out OR THE FTC STOPS the merge, shareholder will lose the 9 bucks PLUS the 7 and change which is the market value of the RAD with the RISK factor included. Shareholders do not get one penny of the fine Walgreen will pay, that goes to RAD mgmt. along with their BONUSES.
Bottom Line, WAY,WAY, to much risk for a gain of $1.12 that is going to take up to Jan. 2017 to get.
A REAL BAD DEAL ! Good Luck!
Check the list under drug stores, 53 went good bye.
Stores like Peoples, Eckerd, Phar-Mor, Revco, Rexall, Thrift, Treasury, Sun, and many, many more. You can see why the FTC would not approve reducing from 3 to 2 stores those major business is selling drugs after an army of drug stores no longer exist.
I do think the FTC is not doing anybody a service by dragging this thing out it only hurts everybody.
One of my buddies at the "Doggie Park" is a Pittsburgh Policeman and he told me the some of the Pittsburgh Police Force will be on Temp. Duty Assignment in Cleveland. I would think other police from cities around Cleveland will also be in Cleveland for the convention.
When can we expect FTC approval to happen?
The Market is saying no.
On July 1 you had a YTD Low $7.31
That YTD Low was broken July5 $7.30
That YTDLow was broken July7 $7.29
And Today we are setting up a new YTD Low around $7.25
That's 4 new lows in 5 trading days.
Without news action this looks to do a slow bleed for a while it's your money, your call.
Your reaching point in the middle 2 bucks up if the deal goes thur and 2 bucks down if the deal fails.
I had many INTERESTING TIMES in the USAF. You may want to look up "Cornfield Bomber" and "F106 Cornfield Bomber" on U-Tube. They took the wings off and put the parts on railroad flat cars and shipped it back to Cal.
Also "1968 UFO Minot AFM" , I was in on that one and can also be seen on a doc. by peter Jennings, "Seeing is Believing", chapter or part 7 mid way thur on U-Tube.
We chased that sucker from 3 AFB with 6 F106, the UFO was going 3K mph and F106 tops out at 1525 mph in full afterburners but they ran a Vector intercept and 2 planes crossed it's path then the UFO shot up into Canada and the chase ended. They don't tell the public any of this.
superbowl6 What Branch of the Military did you serve in . I was an RA know what that means ?
Do you know what AF means like in AF13861500 ? O NEG, CATHOLIC, 661 Radar Sq, 779 Radar Sq , ECM.( Electronic Counter Measures), that's jamming equipment, and tons of schooling at Keesler AFB for years.
All the Vets I know have guns and I fired the M1 in basic, (M16 just came out and they were going overseas for the war troops, and later the M16 once a year as required in the AF.
We need more people to be armed AND TRAINED and less brain washing of our kids in school by the liberal teachers.
The MEDIA are the ones that call an AR- 15 an "ASSAULT STYLE RIFLE", which is another way of saying it's not an assault rifle but it's STYLED to LOOK LIKE an assaut rifle so they just say it's STYLE to look like something it isn't. What would to expect from the liberal media.
Where did to hear it was an ASSAULT Rifle ? I hear it was a AR-15 which is not a ASSAULT rifle ,it only shoots ONE SHOT with each trigger pull. An M16 is an assault rifle one shot per trigger pull, 3 shot burst per per trigger pull or 30rounds in 2 sec. with one trigger pull if set for AUTO. THAT IS AN ASSAULT RIFLE !
You must be an liberal . They know nothing about guns.
You can thank Obama and his crooked admin. for the worst 8 years we have seen in a lifetime. He is the cause of this ! We didn't have this when he wasn't in office !
If you don't own a gun you better get one and learn how to use it !
That's a good question because there is no cut and dry way to come up if an answer. If the "deal" doesn't go thur emotion will play a big factor in the very short term. If they don't get the FTC blessings, and the market doesn't believe they will, the PPS will over shoot down as all the people that want out will head toward the exits at the same time. When the volume slows down to almost normal in 2 to 3 days you will know the true value of RAD.
Good Luck !
It's no fun calling the "Triggers" after they happen but after RAD set a 8 Month low on July 1, ($7.31)on 117.5M shares in 4 days, and today getting ready to break that LOW after the good earnings @ WBA and their cheer leading about the RAD merger, the RAD volume is saying the MARKET doesn't care. They are voting no with their CASH on a GREAT MARKET DAY !. This stock is dead in the water and will sell off again and set a new 8 month low, maybe today.
Check out the last 35 min. of trades on a chart.
The close was very active.
Will be very interesting to see what happens tomorrow.
WBA would be willing to shed up to a 1,000 stores if needed to gain approval. If that is true 500 makes this deal a layup!
It is true the CEO did say that 500 stores would be sold along with some other rah-rah things, but that is what HE SAID, not the FTC. That is why the PPS is up but it's only up a little more than the normal volume, not a big deal and it's only talk not action.
Jim Crammer saying they should walk away is just noise with no real relevance.
That's my point ! J.C. WORDS mean nothing !
The last 3 DOWN DAYS for a total of 85.8M shares down 0.35 means everything so lets just see where the money goes today and tomorrow after the earnings noise settles down for WBA
All of those trades the last 3 days mean something they just didn't happen for no reason. The insiders know something that you don't and they are voting with their money, forget the talk.
I don't know if the trend will continue but if it does that's will confirm the red flags like WBA adding stores not selling them. They are setting up for a NO from the FTC and if they get a YES they will accept that ON THEIR TERMS but the market is betting the the deal is a no go.
ACE if you agree go tell C4 he misses you !
Lets just see where RAD closes today before you start cheering !
Sounds too good to be true, eh Mule?? C4 believes!
C4 believes anything he wants to hear but not the FACTS !
A sad day for this nation. Comey sold out his entire career, he sold out the FBI, and sold out his country.
Well I think most of us new the fix was in but we hoped that justice might win.
Now it will be LEFT UP TO THE VOTERS to right the wrong.