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.
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.
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