You picked the wrong stock to be jumping in and out.
RAD is only for long term holders.
RAD has too many good things going on that it will do very well given enough time.
P.S. Let us all know the next stock you plan on selling or buying so we can test your theory.
With the volume and increase of price per share, no one can call this a failed breakout, with the dow and s&p doing not much of anything today RAD is doing well, thank you.
The changes that RAD management has made in the past year will continue to prove, over the long term, that RAD will continue to produce an increase in earnings, pps.and debt reduction.
Long term investors are just holding their positions and expecting great things in the future.
The major shorts and market makers have about given up hope trying to hold this stock down.
At this point I think they need to move on to better pastures. Maybe DIS or LL.
FB, NFLX, GOOG,,LXRX are my best bets besides RAD.
P.S. Don't buy them because I own them and keep 25% in cash.
edu: over the years this has been a very speculative stock. Disappointing for many investors along the way, waiting for the big news that never comes.
It changed with the latest news.
I do think it has a great base now in the 10+ area.
The upcoming earnings report will be crucial.
Forward guidance more important than earnings.
Patience is a virtue.
I mentioned that a couple or three days ago.
The stock has had great holding power during these recent drops in the market. Today is no exception.
Indicates smart money is in it.
Agreed. Today's volume is too low to hit 9 today IMO.
When it does it needs to hold 9+ going forward.
IF there are no upgrades the market will have second thoughts and profits made yesterday will be taken.
Just very typical. Long term holders will wait it out.
The poor report about CVS isn't hurting either.
It takes pressure off of RAD's recent report, which by the way was pretty good IMHO.
If everything comes to pass where you are so confident then you shouldn't be worried. But its your call.
I agree with you regarding the diabetes drug. If it happens there's more upside to come.
Since you've been in LXRX so long why even worry if it went back to where it started yesterday. Assuming you got in at a low price of course.
My message above pretty much sums up what I think is happening today.
By the way I doubt very much it will fall back to where it started yesterday.
One more thing. I wouldn't be surprised to see the stock back off the highs by 10-20% until earnings.
After that it's anybodys call. We'll just hope for the best.
They needed to cover quickly yesterday by buying a lot of shares.
Now they will regroup or try to push the pps backdown, or for the big winners they may sell to lock in their profits.
The problem for many retail investors is, do you take some profits off the table or wait until the earnings report.
As you saw yesterday the action was swift and relentless. The exact same thing can happen the other way if the earnings and future progress of LXRX, during the call by management, is seen as a negative by the big boys
For myself I'll hang in there. I've been in this stock too long to bail at this juncture. My price of entry was an average of $8 over the past few years post split.
For those who jumped in at the highs or close to the highs yesterday you have a tough decision.
So how do you determine some value in shares you may or may not own? Just look at the recent stocks that are not being depressed in the last week or so, including today. Compare what you own or what your willing to buy.
Those are the stocks that the big boys are in and expect better upside unless the market tanks of course.
Also take some profits off the table on some big winners and don't look back.
Remember about the pigs and hogs.
Keep 25% in cash. For myself, i've done some profit taking and have 29% cash just for some stocks that are being sold off with the bath water.
Anything is possible at this point. For myself I'll just enjoy the fun today. Will I sell? NO.
I'll wait for the earnings first and hope it is a positive earnings call with great forward guidance.
It has great products in the pipeline and may continue to run at some point along with the outside chance they may be bought out.
To answer your question: The momentum and stock trading volume may not allow it to come back to 13 today.
P.S. Look at my post of July 29th regarding LXRX.
Thanks ACE regarding the oil stocks. I did buy just 100 shares each of XOM,CVX and BP. Sorry I did but it's just a play on my airline stocks.I'll hold them for a few months to a year. If one goes down the other goes up. Of course I know that it the market tanks, all bets are off. That's why I always advise the so called little guys, as you call them, to keep a minimum of their total portfolio at 25%.
I agree totally regarding the little guys disadvantage. It's that reason why so many of the small investors have left the market.
As far as RAD is concerned you know how I feel about it. But if and when they start raising rates I will be looking at a moderate reduction in my RAD holdings.
As you know, if you have read my posts over the years, I have taken profits from RAD. I've been in the game of buying and selling stocks long enough to know that you need to take money off the table.
In fact I did sell a ton of shares I bought less than a dollar a couple years ago on your advice.
But I still own a few tons of shares.
Take a look at one of my holdings, LXRX. WOW. I've owned this for about the same time as RAD.
Of course this was just a stroke of luck on my part. I always carry at least 2 questionable, speculative, low priced stocks in my portfolio.
Have a great and profitable day.
I'm glad I stayed in through thick and thin. Looking forward to their earnings and projections going forward sometime this week.
Many more things in their pipeline.
Speaking of oil ACE, I did tip my toes into some XOM, CVX and BP today along with a few others.
It may be a mistake but I'm willing to wait a long time.
You too have a blessed weekend.
Me, I'm just visiting with my children and playing with my grandchildren.