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Rite Aid Corporation Message Board

danboy2112 3 posts  |  Last Activity: Oct 9, 2014 5:07 PM Member since: Dec 18, 2008
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  • Reply to

    Don't get too spooked out

    by danboy2112 Oct 9, 2014 2:57 PM
    danboy2112 danboy2112 Oct 9, 2014 5:07 PM Flag

    oh, silly me

  • Reply to

    Don't get too spooked out

    by danboy2112 Oct 9, 2014 2:57 PM
    danboy2112 danboy2112 Oct 9, 2014 3:33 PM Flag

    Not saying this stock ain't a loser, just saying if you want to get out - why get out at the very bottom - there is always a counter-wave back up to get back a few more pennies back in your purse. This thing ain't going straight down unless it's going for total bankruptcy - and I've seen worse stocks, such as blackberry, and they're still trading.

  • Listen, not saying this thing is going up - but everything has waves including downtrends. There is a two month wave with the next peak around Oct. 20-25. Even if this is now in a secular downtrend, at least there will be a counter wave/move back up, or there should be to at least get out with some dignity. As well, in the past three years the MACD has never been so low, neither has the RSI been this low. Markets only continue sliding down because of 'weak' hands selling off their stake. If there are short sellers profiting - they always take profits at some point putting temporary up pressure on price, so this ain't going down because of shorts.

RAD
5.55+0.03(+0.54%)Nov 21 4:04 PMEST

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