exactly true . Ive been thinking this for awhile .It does make sense . Staples and OD are about the only chain stores that do office supplies where there are several other drug stores that will still be in existence after the rite aid merger .
All I see in this report is the word DECREASE - DECREASE EARNINGS - DECREASE REVENUE .. And not just minor DECREASES ... HUGE DECREASES .. Disgusting .. this co. has gone off track badly .
I did .. when it fell to new lows at 8.11 , it was certainly acting like junk was it not ? I have no problem seeing it at 11 as long as it stays there .
It dumped to 8.17 .. maybe thats close enough to 7.50 as the rally from that low point has moved up off that enough where its now trying to break over the short term moving average and now the sto and macd are giving short and also long term buy signals .. Maybe it can actually get back over 10 but until and if it gets over 11 , its still in a downtrend .. this seriously needs a good earnings report so it can bust $11 and put a stop to this demise .
this is disappointing when the market has a good day and this thing can move anywhere but down . perhaps it is an anticipation of a not so good earnings report .. too many rats fleeing the ship when it cant hold a gain .
the move from 16 to where it is today has made some indicators pretty much overbought . over a $4 move pretty fast . it has broken above the short term moving aver. in the last couple days which is a good thing to start filling the gap but its doing this on less volume .. be nice if the fundamental score improved from 3 positive and 2 negative also to get this moving better .
the macd is just today giving a buy signal message . this indicator was pretty high the 1st week of feb. and even tho the stock price has moved higher , macd had been moving lower to a neutral point where its saying there could be more room to run from here .. I guess goldman's sell signal 10 days ago was one of their usual crooked hoaxes ..
just above 20 is where the short term moving aver. line is .. certain indicators are now showing its getting short term overbought . It will probably need a big volume push or some news to bust thru that moving average . consolidating around here and trying it again after the overbought has lightened up may be more likely however nothing would please me more than to see this start filling that huge gap .