It is interesting to look at recent trading activities for RAD.
It is acting as if walls were created the moment where poor RAD is trying to take off.
How to explain that is easy: the spread.
For somebody shorting a company, it is important to have a good spread between intraday high's and low's.
So far RAD has been very generous on this criteria but it seems that the spread value is getting smaller and smaller every day with a couple exceptions in the last 2 weeks.
Reason behind that is the fact that we are getting closer to quarter data release (around December 22th) and that any good news would sent RAD on a sky's the limit range that it could create a short squeeze (where too many shorts are trying to cover themselve that shares climb in an unorganized fashion very rapidly.
Are we there yet......no but it could come in the following days.
Expect kind of rally before RAD releases their results and thereafter it will be more than interesting to see where it will stop. (either ways)
It is acting as if walls were created the moment where poor RAD is trying to take off.
How to explain that is easy: the spread.
For somebody shorting a company, it is important to have a good spread between intraday high's and low's.
So far RAD has been very generous on this criteria but it seems that the spread value is getting smaller and smaller every day with a couple exceptions in the last 2 weeks.
Reason behind that is the fact that we are getting closer to quarter data release (around December 22th) and that any good news would sent RAD on a sky's the limit range that it could create a short squeeze (where too many shorts are trying to cover themselve that shares climb in an unorganized fashion very rapidly.
Are we there yet......no but it could come in the following days.
Expect kind of rally before RAD releases their results and thereafter it will be more than interesting to see where it will stop. (either ways)
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