It seems that last week rally was a bit before itself.
No stock goes straight to the roof without establishing new bases and today so far, that is exactly what RAD did.
I know that another article mentioned that RAD value was to stay at about 2$ for the year or until guidance BUT many time these remarks comes in by the same wanting to buy it cheap.
I think we have seen the new base today at 2,20$ and this is great news as if the comments regarding RAD value would have been the truth, we would have experimented an exodus toward exit.....this has not happen.
By the way there were not that many times in the last 3 years that RAD had closed in gain 5 times in a row and Friday marked the 4th one.
So a pull back was expected even if a bit larger than thought.
Expect higher volatility in the 2,20$ to 2,25$ but so far nothing to worry that much and shorters are still in very high number.
Have fun
No stock goes straight to the roof without establishing new bases and today so far, that is exactly what RAD did.
I know that another article mentioned that RAD value was to stay at about 2$ for the year or until guidance BUT many time these remarks comes in by the same wanting to buy it cheap.
I think we have seen the new base today at 2,20$ and this is great news as if the comments regarding RAD value would have been the truth, we would have experimented an exodus toward exit.....this has not happen.
By the way there were not that many times in the last 3 years that RAD had closed in gain 5 times in a row and Friday marked the 4th one.
So a pull back was expected even if a bit larger than thought.
Expect higher volatility in the 2,20$ to 2,25$ but so far nothing to worry that much and shorters are still in very high number.
Have fun
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