RE:75mirage2014 wrote: The stock price never should have dropped as low as it did. The price is still not anywhere near where it was right after the consolidation. People thought RDX was going bankrupt, as was stated by many on this board. Also we had some large shareholders selling out their position driving the price down in the face of an investor community that feared the worst. So we have selling pressure with no buying pressure...that's why the stock hit the low it did. The next few weeks should provide more clarity for all of us on where this change will take us/investors. Knowing that Danzik owns more shares than anyone else should provide some level of confidence.
yes agreed. congrats to those who have made a cool 40% if they bought in at the lows a few days ago. I have now moved cash around and will POSSIBLY be averaging down when im ready. Like you said we need to see some more progress. I am guessing that we might see a correction on monday then hopefully a run up next week. More than anything I am hoping we see news on Tyson or any other revenue. I debated with myself about averaging down today, however, when I first bought into this it was in sept after the stanford/tyson Nr then I watched my shares plummet. It is hard to tell what the weekend will bring..it can either attract more buyers as people have time to look over the weeks events or some will decide to take profits. The nice thing is barring negative news I find it hard to see this go much lower than the low we reached this week. I will be averaging down and and maybe adding to overweight my portfolio when: we see proof that there is an upward trend, or we see a revenue news release.
The one nice thing about this stock is that we MIGHT see a quick ride up after a plummet down glta...