A drug store chain with over 4600 stores at that price? Why?
Well, simply stating it: no profitability and lower guidances.
Have they bottomed? I think yes even if last week they dip down to about 1,05 (i supect it could have been part of the trading glitch because volume was huge at the opening then stopped at about 10:00 (like many other one)
So they are in trouble and outlook is not that great but i still think it could raise to 1,25$ to 1,35$ in a rapid way when actual resistance goes away.
At actual level, i will open a small position and add on the the next dip with a exit target price between 1,25$ and 1,35$.
This is actually mostly a trade play and not an accumulation type of play. It may become but not yet. My position will be also a bit smaller than usual as i am still awaiting a good dip to buy in large qty. This week in the markets has been really good so i am expecting a bit of giving back...
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
Well, simply stating it: no profitability and lower guidances.
Have they bottomed? I think yes even if last week they dip down to about 1,05 (i supect it could have been part of the trading glitch because volume was huge at the opening then stopped at about 10:00 (like many other one)
So they are in trouble and outlook is not that great but i still think it could raise to 1,25$ to 1,35$ in a rapid way when actual resistance goes away.
At actual level, i will open a small position and add on the the next dip with a exit target price between 1,25$ and 1,35$.
This is actually mostly a trade play and not an accumulation type of play. It may become but not yet. My position will be also a bit smaller than usual as i am still awaiting a good dip to buy in large qty. This week in the markets has been really good so i am expecting a bit of giving back...
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
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