ALERT RAD

The deal with Albertson has been called off…..

This is a great victory for us the smaller investors.

The last move made by RAD board in regard of estimated profit has been what i could call their last effort to get a deal approved.

Obviously they did not had the needed votes and this is a great thing.

Now the next step is to get rid of the actual RAD board and replace them with people oriented toward a profitable company NOT their own pockets.

Congratulations to all who have expressed loud and clear their voices.

IS RAD out of the wood now ???? Not at all but at least we will not have to take ownership of others debt.

Now back to my hibernation mode (sell in may then go away……)

I will be back sooooooon

Rite Aid.....Time to vote

Taking some time off from vacations (sell in may then go away) to vote on Rite Aid merger that is in my opinion one of the worst deal ever created.

There is no way that i will accept giving away shares of Rite Aid at the actual value mentioned and proposed.

The idea may not be that bad but the conditions are not acceptable.

I do not recall that many times seeing a board member getting a bonus when winning and another one if loosing.

Deal structure has to changed and if Albertson's not happy with that, well let simply get rid of the actual board members and get Rite Aid go stand alone and fixing its stuff.

Last Quarterly results show improvements and with a 'great' board direction, Rite Aid could be worth many times more than the actual proposition indicates.

I have vote no ! 

ALERT RAD TRADER

With an incredible 16.94% short interest, RAD is now almost the most shorted stock.

Simply incredible and still one question unanswered? Who is benefitting from this ?

Is this Cerberus?

No matter who is behind that, there is a real danger here of having some kind of a squeeze and at this level, it could get ugly.

Even the worst one (CHK) has a 5.02 ratio so at this level RAD shorter are one a dangerous course.

Wow

ALERT RAD

Based upon trading today, RAD ended up the over major moving average.

IF this was not the usual trap (we should see early on tomorrow) it could indicate a couple of things:

1) Next stop should be around 2,04$ enroute toward the 2,48$ planned value at the merger announcement

2) If volume picks up, then it could also mean that they are revisiting the deal value to increase the % Rite Aid shareholders would get in case the merger is approved.

Lets bring in tomorrow and check that out.

Have fun 

RAD buying pressure

Very interesting to see some nice buying pressure even if volume is not there actually. So i would stay prudent about this reaction the day after analyst conference.

If it closes over 1,70 expect a run toward 1,94 if this is not another trap setup.

Let see if actual short interest stays at 15,15 (one of the highest in the market)

MEG (Meg Energy TSE)

Have you seen their last earning report^

Well, this is another great pick recommended some time ago.

It is actually at the high end of the chart, so expect some retracement BUT with actual oil price, the next quarter should be at least as good as this one.

Always a good time to get some profit off the table for the next interesting play to come. 

Rite Aid analysts call today

Very interesting to see that much interest in the merger without any influence on the market share price.

The rational for the merger is ok to me BUT the problem is the % owned by actual stockholders as an end result.

Other interesting factor to consider: short interest.

How in the world short interest does not stop going higher? As of this morning it is standing at 14,95% short interest. At this rate, there will not be any share available soon to short!!!

But who is benefiting from that short interest and who could possibly do it?

Rules actually are about 2$ in value to short 1 share. So who is able to use over 200M$ simply to short a 1,64$ dollar company?

Who is benefiting from this?

I really hope that Cerberus is not behind that short attack that has ruled for more than a year now hoping to gain traction in the price rational.

If not them? Who is behind?

Hard to believe that a 2,50$ stock (based upon value post merger and rounded) + 18 cents per share cash, is still trading at 1,64$.

This is purely non sense and so far i still recommend to vote NO to this merger.

Also interesting to visit is the following site:

https://sites.google.com/view/voteno2merger

Rite Aid stockholder are angry

I have not commented about Rite Aid in some time now for one reason: giving time to review the proposed deal and hoping to get some news from Rite Aid.

Rite Aid has not done anything positive recently and details are still sketchy.

At this time my opinion is that i will vote against the merger as i feel the management is trying to reduce Rite Aid value to rumble at the same time that it smells like conflict of interest and a fire sale.

Am i alone to think this way?

Not at all, the number of shares shorted has increased dramatically and the short interest is at record high. Clearly, not many investors thinks this merger is a positive for Rite Aid.

Then this morning a site has just emerged: riteaidmerger.com

I think there will be some legal issues with this deal and RAD is not out of the wood actually.

Have i said volatility? Well this is not game over for RAD but expect very very high volatility.

Shame on management for the way this merger has been handled. 

RAD massive turn around

What a day for RAD.

Finally it was one of the longest trap seen in months.

Simply incredible to see 15 cents disappear in about 3 hours.

Numbers of shorts will definitely have increased by a lot!.

Could be that the announcement from Amazon that they are ditching pharmacy business did it as the timing is perfectly the same.

But at the beginning, AMZN has never been a possible partner for RAD. So hard to understand....

Have fun

ALERT RAD TRADER

Rad has just crossed the 20 and 50 days moving average.

If it holds and closes above 1,77 that would mean that the next stop is 2,02$

Get ready!!!

ALERT RAD VOLUME

Very interesting.

In the last 5 minutes large blocks of shares were bought at the ask. Well above 3M shares.

Unusual in the last 60 days.

Stay tune 

ALERT RAD trading pattern

Trading pattern indicate a highly possible change in direction as there is a lot of buying pressure.

This time it does not looks like a trap.

Stay tune as i expect something will be coming shortly

RAD short interest

Very very interesting to see that RAD short interest has more than double since 10 days.

That means that all those new short positions have been taken at these levels or close to in hope the share price could drop at 1,50$ or lower.

BUT unless something very bad happen, this strike price may not be obtained and to complicate the things for shorters, the way large stake holders are starting to manifest against the merger deal could mean that it may well be renegotiated at a better value.

IF that was to happen, a lot of shorters could be squeezed out and increased share value rapidly.

So this is not the time to sell in my opinion and by keeping these shares to vote against the merger ( i will be voting no) could change the value of RAD dramatically.

Time will tell but looking good