RAD - Rite Aid

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, Apr 6, 2016.

  1. Jrich

    Jrich Well-Known Member

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    @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

    20170701_101832.jpg

    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:D
     
    Ciao (Sheppy) likes this.
  2. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    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
     
  3. Charles Noble

    Charles Noble Well-Known Member

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    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
     
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  4. MiguelHammond10

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    once in a life chance to double your money!
     
  5. LloydWCoutee

    LloydWCoutee Active Member

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    Yesterdays close and pre market got me excited. The excitement didn't last long...
     
  6. Lonnie Ray

    Lonnie Ray Active Member

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    What new deal? I don't see much positive. Selling off half theirs stores means less revenue in the future.
     
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Seems the news couldn't get any worse, it's coming back now.
     
  8. Lonnie Ray

    Lonnie Ray Active Member

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    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.
     
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  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Going to be sold to FRED now, right? This Sunday? I'm watching for something this month.
     
  10. fidelgeorge

    fidelgeorge Well-Known Member

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    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.
     
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  11. Lonnie Ray

    Lonnie Ray Active Member

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  12. Lonnie Ray

    Lonnie Ray Active Member

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    52 Week low. I think I'll buy half my target for a bounce. If it falls much further I'll double up.
     
  13. Lonnie Ray

    Lonnie Ray Active Member

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    I bailed once it broke $2. Watching though.
     
  14. Lonnie Ray

    Lonnie Ray Active Member

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    Still bleeding. Watching for a pulse.
     
  15. fidelgeorge

    fidelgeorge Well-Known Member

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    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.
     
  16. Lonnie Ray

    Lonnie Ray Active Member

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    I got back in yesterday before close.
     
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  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Watching for a break of this downtrend line.
    [​IMG]
    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.
     
    T0rm3nted likes this.
  18. Garrett Bell

    Garrett Bell New Member

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    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?
     
    #78 Garrett Bell, Feb 16, 2019
    Last edited: Feb 17, 2019
  19. StockJock-e

    StockJock-e Brew Master
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    Time go over over $10?
     
  20. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    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:
    upload_2019-9-26_19-41-39.png
     
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