@Ciao (Sheppy) Thanks for the advice!... i do soak up all the advice i can get, but i keep it stored in the back of my head and ultimately make my own decisions, just as you suggest I think its my fault we got off topic, so ill get us back on with what i see from the RAD chart Ive seen this "buy out waffle" scenario before, recently (WFM)..... But this time there is no sign of strong hands reaching in anywhere on this down trend... contraily, there is evidence of mass exodus A well known, successful trader once said... "if its in the paper, its in the price" I know we dont read papers anymore, but the point is if its news to us, it was news to the professionals months ago Add to that the huge reaction to this news over the past few sessions, and i think its safe to say weak hands are in control According to Yahoo Finance, only 4% of the float is held short... since shorts actually provide strength, since they eventually have to cover, then IMO theres nothing holding this stock up Maybe ill buy some paper puts... not sure when or where tho.... i think youd have to be drunk to go long on this stock here, so maybe ill wait til after the holiday when the market sobers up
for info Rite Aid(NYSE:RAD) and Walgreens Boots Alliance(NASDAQ:WBA) have scuttled plans to merge, and instead, Rite Aid will sell over 2,100 stores to Walgreens Boots Alliance for $5.2 billion in cash. The deal makes Rite Aid a lot smaller, but it could also make the company more profitable. Here's how Rite Aid plans on surviving as a stand-alone company. https://www.fool.com/investing/2017/07/01/what-rite-aid-will-do-now-to-survive.aspx Jun-30-17 Resumed Evercore ISI Underperform $2.50 Jun-30-17 Resumed BofA/Merrill Underperform $2
If any confidence of the last deal going through, this new deal should have more, not worried about FTC, my focus is on future growth
What new deal? I don't see much positive. Selling off half theirs stores means less revenue in the future.
Word is that the sale will be allowed. Deadline is around 17th I believe. Cramer's bunch is rumored to believe the sale will go through.
This will be approved. Let's just be glad Rite Aid is not doing well because otherwise they would not approve of this scenario. Go long on this one. The government does not want to take responsibility if Rite Aid was to go out of business if buyout is called off.
No the current plan is to sell about half the stores to WBA. https://www.thestreet.com/story/143...proval.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo Walgreens to Tweak Number of Rite Aid Stores It Buys to Win Regulatory Approval
It’s only a loss if u sell while it’s down. As a long, we have all the time in the world. Don’t believe in BK talk from shorts.
Watching for a break of this downtrend line. There's a bullish divergence in MACD and price setting up (price kept going lower, momentum making higher lows). Current price = 1.59, 10 ma = 1.53, ATR = 0.10 So setting a stop at 1.44 is enough slack here.
Evening everyone, Anyone still holding on to any RAD stock? I sold off mine after the Alberston buyout details emerged but I just bought 1,000 shares at $.80. Tough to tell what’s going to happen, but I’m hoping for a buy-out (Amazon???) or merger. Could the reverse split potently be a positive move?
Nope, stopped at 9.96 again...then a big ol' sell off to close at 7.83. Good report but the boyz are not ready to let it go up yet. Daily bars:
