Well I can tell you that I have personally been expecting a major correction for well over a year now and it simply has not happened. I missed out on a lot of great trades by waiting on the sidelines but I eventually understood that the trend is your friend until it isn't. Right now the trend in the overall markets and RAD is higher so stay long until that changes. I don't think we will see anything significant in terms of a pullback until the debt ceiling debate starts heating up again in January. Even then I expect the correction to be brief.
There is resistance at $5.99 so yes I expect the $6 level to be very contentious. Should be an interesting level to watch.
I wish I would have known about RAD at those prices. A friend of mine told me about it at $3.50 but I didn't pull the trigger until $4.85. The ironic thing is that he actually bought it at $3.50 but sold it at $4.25 or so. He got stopped out. Needless to say he regrets it big time right now.
Barring a total collapse in stocks over the next 18 months I can certainly see DIS at $100 by the time Episode 7 is released in December of 2015. Just wait until the marketing campaign for that movie gets rolling. The hype is going to be unbelievable and everyone will want to own a piece of it. Owning DIS gives you a chance to own a piece of the Star Wars and Marvel universes. What's not to like about that?
For what's its worth today's price action is somewhat encouraging. They tried to run gold down further on the Iranian nuclear peace deal but it quickly bounced and the miners have followed suit. AUQ and the miners in general still have a very long and rough road to travel.
Thanks. I think we may see a pretty nice run-up into both sets of numbers. RAD consolidated between $5.00 and $5.40 for quite some time which was healthy longer term. The price action today is very encouraging for longs.
I'm encouraged to see that it was a major player like Deutsche Bank that initiated coverage not some small fry company with a few employees. Like you said this will most likely lead to more upgrades in the coming days and weeks. RAD was badly in need of an upside catalyst, hopefully this is it.
Hopefully this is the catalyst that RAD needs to start its next leg up. It's been range bound between $5 and $5.40 so I'd love to see it break through that level to the upside. Deutsche Bank is a heavy hitter so this upgrade should carry some weight on the street. I'm long around $4.85 for the long haul.
Hey I'm not sorry.Nobody ever went broke taking profits. I'm still on the ONVO train with a little over half my original position that was bought at $6.04. It's all good.
Nice move. The Seeking Alpha clown was very late with that call. The time to short RLD was in the July-August time frame. I owned $15 and $10 puts when the stock was around $13. Ended up making a nice profit on the crash under $7 bucks. But around $6.50 or so I saw that the shares were oversold and there was too much bashing of RLD going on. I bought the $7.50 calls at that time and unloaded them today for a nice profit.
Well my lotto ticket gamble on RLD paid off. Everything fell into place and I was able to sell my November $7.50 calls this morning for a very nice profit. I'll keep an eye on this stock but I'm neutral for now. Best of luck to the longs out there.
Looks like they posted a posted $.09 loss versus the expected $.18. They also bought back 672,000 shares during the quarter at an average cost of $11.18. It will be interesting to see how the Street interprets these numbers.
Had GTAT on my radar since September and I have missed about a 30% move. The Apple deal is huge but I'm wondering if I am better off waiting on this one to come back down a bit. It's hard looking at what could have been but it happens.