ALERT RAD

RAD just went in another large short sell BUT it seems to recover properly

Keep an eye and play it safe

As of now, if it hits 2,25$ then next stop is over 2,40$

ALERT TRADERS RAD

RAD has opened again in the green area BUT expect a lot of resistance at this level. TO confirm that the bull run is to continue it has to get over 2,25$ then it should fly toward 2,40 then 2,80$

Resistance will be really high as old shorts do not want to let it go based upon the increase of yesterday in total stock shorted.

Stay tuned

ALERT RAD

What a great week for RAD and i would admit that i called it properly Tuesday at 12:05.....

now, here is the real interesting point.

IF and i mean IF RAD was to open over current closing level (2,16$) that would mean that the next stop is 2,34$ and  again if RAD goes over, next stop will be 2,80$.

Here is the real treat......

Shorts have increased (yes it did) during the last 2 days great run up) and if for any reason it was to go 10% over today, expect a short squeeze propelling the price over 2,80$ at which level we could expect a real high resistance.

We will know in a little more than 12 hours, but based upon trading today and the try to get it down near end of day increasingly tells me that we could be in for a HUGE rally before end of this week and without any significant news.

Volume today was insane and the last time it happen (during a 2 days run) sent the price over 4$

If you thought that today was great, tomorrow could even be  a lot more interesting.

Stay tune as i will be monitoring this one VERY CLOSELY tomorrow so expect a lot of post about RAD.

My take for December

Will we get a Santas rally this year?

Well i think we will.

Numbers are great......Trump new fiscal plan seems to be on it's way....oil will get a boost from an extension for the producing cuts and much more

1) Oil will try to break the 60$ limit (WTI) simply because Russia will agree to extend the cuts over March 2018. They are not stupid and they know the higher the better. So, this should be a plus for the oil sector. Remember that on the radar list there is NEG.TO and CHK on nyse. They are highly volatile but could generate the biggest gains.

2) GOLD: It will not be replaced by bitcoins at this time. Expect higher volatility as North Korea continues to be stupid enough to strike new missile launches even if most of the world agrees that it is not acceptable. So gold will goes higher

3) FANG stock will continues to be highly volatile BUT Amazon will lead the pack. I expect Amazon to make some more announcements before year end on some more markets it is not touching yet. They are actually the biggest disturber for retail companies and will continue this way for some time.

4) Potash stock will continue to trade sideline as there is not much new demand and still too much offer (or at least potential offers). EPO.TO will continue to trade sidelined for some time but i still expect this one to gain a lot in 2018.

5) RAD: Poor RAD had enough of troubles in 2017. I still believe that RAD is by far undervalued and way too much oversold. RAD should already be trading in the 3-4$ range but it may takes some time. If results near Christmas time are good, expect a fantastic 2018 beginning.

What else to say, market is not overheating at this time and there is still room for growth. So, 2018 could bring in many more new records as economy stays as it is: in great shape.

Have fun and safe trading

ALERT RAD

Based upon trading since 12:05, volume, number of buys compare to sell orders, this is almost confirmed that we have begun the expected bull run.

If no surprises comes in, expect to get toward 2$ very rapidly and lot of resistance at that level where news shorts will try to lower price but this time without success. If this happen, the next leg up will be rapid as shorts will cover their orders very very rapidly.

Stay tined

ALERT RAD TRADING

Long trap pattern removed from the equation and today seems to mark the beginning of a nice bull run and here is why.

1) Buying most active platform are the same used to short the most (PSE, EDGZ and BATS platform)

2) Rite Aid has indicated that they have started the transfer of stores to WBA

3) They have also indicated that they will use money received toward paying the debt

4) They have also indicated that the taxes burden will be like ly very low as they will use the carry forward losses to eliminate taxes

With that in mind, it is VERY dangerous to short RAD at this time.

ALERT RAD TRADERS

At about 12:05 today, something has happen on RAD trading where abnormal trading occurs and looking like some large shorter had started to cover.

Keep an eye not to fall under a long trap but if it touches 1,75$, it could the bull run many were expecting.

ALERT RAD

Interesting article about amazon should buy Rite Aid

https://seekingalpha.com/news/3313864-cowen-analyst-says-amazon-buy-rite-aid?app=1&uprof=82

ALERT TRADER RAD

Based upon past months trading pattern, we are either in a long trap and price will get back down within next couple of minutes OR we are in an cover mode (for shorts and margin calls) and RAD will shout up toward the 1,70$ rapidly.

We should know by end of day.

ALERT RAD

If rad was to close above 1,60$, it would have crossed the 15 days moving average. Next stop then would be 1,80$

But again be careful toward the long trap seen very often and expect a lot of resistance at 1,60$

Volatility is high

As of now, volatility is getting higher and most of the time it does indicates a change in direction.

Majors indexes are now ready for a correction BUT if results continues to be that strong, we could expect a small drop only to get a great leap higher.

Still, be extra careful on those used to trade rapidly for minor profit:

1) RAD is used actually by Professional traders to make profit both way buying and shorting. Most of the days, it has a 10 cents spread or about 5%. It is great if you buy and sell at the right time, but it could easily goes both ways at a rapid pace.

2) Oil is also moving side ways with a 5-6% spread. Be ready to make profit on this one to

3) Gold is going nowhere BUT that could change in a blink

So, on all trades the line is getting thiner so be extra careful

Is this the awaited correction ?

Keep an eye on the indexes as we are getting very close to the beginning of the so awaited correction.

Looks like most of the indexes are right on the tip and unless some great news (unexpected one) comes in, we should see the beginning of a correction early this week.

Depth and lenght will depend of the kind of news we get or the absence of them.

Most of great news have already been baked into the stock prices and i do not think we are heading into large changes. So, get some profit off the table and wait for it. Christmas rally could be very nice.

RAD The management shake up continues

Seems that Rite Aid is still alive and continues to make many more management changes.

During these times, stock continues to trade a bit higher then some more on the down side meaning a nice sideways trading......

Shorts have continued to grow and at this time unsure of what's ahead. Any more bad news could send to stock on a downward spiral (i mean another one.....)

On the other hand, any good news in regard of sales, profitability or anything very positive could create a short squeeze.

So this is a good opportunity but still be careful!

OIL Hummmmm

Did you noticed that Saudi Arabia and Iran relations are not that good those days????

If it was to get worst, expect more turbulence and higher oil price.

60$ for oil barrel is not that far before year end....

MEG and SUN could be potential great winners and the same for CHK.

EPO Nothing changes

Oh well, even with a 2M shares wall, it went down again to 3,5 cents today before closing unchanged at 4 cents.

We are entering into loss selling season as traders will capitulate on it and get a tax break for a loss.

Based upon trading and lack of news, i would tend to think it is over for this year.

Potash market is far from being strong and nothing indicates a change in the foreseable future. So maybe 2018 will bring kind of good news but until then........

RAD Amazon not seeing to get into pharma

It is interesting to note that Amazon has indicated that it does not intend to get into pharma (at least in 2 states where it bought licenses) even if there is NO confirmation from Amazon itself.

What we saw today was short covering at exactly 15% gain after shorting it.

If that trend was to continue, expect domino's effect toward 2,12$ where it all started.

But be extremely careful not to get into a long trap here.

Overall market condition

Based on actual trading on all major stock indexes, we are right now in the middle of something to happen.

Either positivism will continue and market will continue to add to the gains or it is now time for a correction.

I personally think, we are entering now a period of correction. Market is waiting for something and i cannot see the kind of positive needed to continue climbing higher.

I would be very healthy if market was to correct itself by 5 to 7% and i think this is where we are heading.

SO if you made great gains recently it could be a good idea to take some profit off the table and stay sideline until that correction happens.

Naturally only an opinion by the actual gains may not last for that long.

Be careful

RAD..... Is the worst over

I think it could be. There are so many shorts at this time that one day or another, they will have to cover.

Remember that it is always dangerous to short a stock at this value especially in the case of Rite Aid.

RAD is not expecting going bankrupt as they will have tons of money flowing in for the next 6 months and this should reduce their debt load a lot and toward a more manageable level.

Is this worth 6$ ? Not right now but once debt becomes under control yes.

So for the meantime, RAD could be a nice profit making stock if you play it right and under a short to mid term lenght.

Have fun but be careful with this one.

OIL watch carefully

With all that is happening right now in the Gulf, it creates incertainty and applies pressure on OIL price.

So this could be a nice opportunity to increase a position in MEG.TO and SUN.TO

These 2 are my favorite plays in Canadian oil fields and are much interesting and less volatile than CHK for this interesting oil market.

I expect some more turbulence in OIL world and it could mean great profitability.

As usual be cautious.

ALERT RAD

We could be in a recovery mode as i type.

RAD has been hammered so much and was so oversold ( i even suspect naked shorting of this one) that it means that it has to recover simply for the fact of covering shorter's butts.

That does not mean however that the shorting round is done BUT it could be a lot quieter for the coming weeks leading to sales results.

Be careful

HOV What does next earnings reserverse?

Based upon last couple of years, HOV will disclose its results on about December 8th and if results are not there, expect a return around 2$.

If HOV is unable to achieve profitability when everybody else are, that mays sounds very bad for that company.

They were unable so far to get a profit whatsoever and NOW is the time.

Until early December i expect kind of rally for this one but be careful as it could be a sell on the news stock.

RAD Is this one dead ?

What a descend to hell.......

This stock has been hammered almost everyday for the last month or so and now wondering when that will stop.

Unfortunately, nothing signals a change of direction and the only place to look now is down.

It has been greatly oversold and it seems that unless a major great new is throwned in, it may well even gets to 1,25

So be on the look out and it may well be good only for some trade in and out.

BE EXTREMELY CAREFUL