Investors are scared to hold this stock longer than it needs it. Buy low and sell high next day.....that is what gogspn4ver demonstrated yesterday and today . I bet he most likely did short bunch as soon as he sold that great buy yesterday and that is why stock took nose dive soon after that and unlesws he won't cover in low 2.20's stock will not recover. I know "gog" and when big money talks ...he is the one to listen to.
Great going my friend. I waited to cover and my profit got little chopped but it was well worth it ...still triple digits. Did you see update in the section? Very little got out so far. Might be pretty significant, now I know why you were buying yesterday. Fantastic.
And I have covered almost all of my short position. Will wait for tomorrow to finish it and then I decide what next. It was great time in RADA. I was hoping for those 1.70s but didn't want to take a chance as yesterday news was I'd say bullish and today's flat trading was pleasant surprise for me as I really thought stock will close in 2.20s or higher. I will cover last 6K tomorrow at what ever price and might joint you going long my friend. See ya tomorrow. I need to be on HK as I have there two hot stocks. No sleep for me until they start trading there. Good night gog.
Junk stock , nothing else.
you covered much earlier but you made killing in others last 2-3 days. If I get that price I will cash in over $120K . True is, stock most likely will go much lower but I do not want to take a chance for slow covering.
Excited for tomorrow action. My order is there with out MM and it should be all fine.
AH today we could see start going lower again same as we saw yesterday AH huge block in 1.80s.
Evidently everybody is out.
This is so obvious again seeing intraday fake spike and massive fall right after that , pretty stereotype since 6.29 laughing price. RADA, DGLY and SCOK were and still are the best shorted stocks in last two months.
kole, I have covered but I still keep full short position in DGLY. This year it was my third best short sale . I had to go short early there as my broker said there will not be any shares soon . I went at 28.9 and watched going higher as I couldn't short more since then ,but look at today at mid 12's....very happy to see this giant profit waiting to be booked.
I bougfht CLDX todat at 12.58 and ACAD near the lows today again. Just for short time trade maybe till tomorrow. Great day ,good luck to you my friend.
I agree with you gog. I'm doing the same and looking now in other stocks what got hit hard to start slowly buying here and there. This RADA was so good to us as I reaped almost full $4 gain on my short and feel good I was able to short so early and $131K I made is fine with me. See you in other ventures gog.
Why even think about RADA? They are nobody.
TheStreet Quant Ratings rates Rada Electronics Industries as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins.
Highlights from the ratings report include:
The debt-to-equity ratio is very high at 2.55 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.42, which clearly demonstrates the inability to cover short-term cash needs.
The gross profit margin for RADA ELECTRONIC INDS is currently lower than what is desirable, coming in at 31.66%. Despite the low profit margin, it has increased significantly from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 5.96% trails the industry average.
The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, RADA ELECTRONIC INDS's return on equity significantly trails that of both the industry average and the S&P 500.
RADA ELECTRONIC INDS reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, RADA ELECTRONIC INDS reported poor results of -$0.29 versus -$0.22 in the prior year.
The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income increased by 141.1% when compared to the same quarter one year prior, rising fr
Look at the chart..just that is so clear as it has been for a long time.
This constant pressure daily was because of increasing negative view and now it is bursting out?
Congrats to all who are short and who listen and sold today . Massive selling AH
This is 4 or 5 times lately getting to no 1 spot as worst stock.
Shorting RADA at 2.40s is still a good short
Agree 100% with your view. All the indicators are either already pointing lower or are tipping last two days.
I expect this to make significant move lower any time . The wedge is getting more narrow daily and stock will crack under this pressure. 2.20 first and after little fake support it will go down to 1.60s or even lower.
There is nothing positive to expect from the management.
Will 2.30s be the bottom for now? It is fun to watch for sure.